Imperial PFS (IPFS) has acquired Stonemark, Inc., a privately held premium finance organization. The transaction closed on April 1, 2024.
Frisco, Texas-based Stonemark’s existing client base of over 4,000 agencies, along with their entire team, are joining IPFS with this deal. This acquisition signifies tremendous growth potential in premium finance, bringing together two organizations with decades of industry expertise.
Stonemark specializes in property and casualty insurance products for both commercial and personal lines.
Colonnade Securities LLC acted as a financial advisor to Stonemark.
Topics Mergers & Acquisitions Texas
Was this article valuable?
Here are more articles you may enjoy.
Walmart Removes Four Taylor Farms Salads as Recalls Spread 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls 
Farmers Looks to Make it Easier for Consumers to Understand Insurance 
