K2 Insurance Services has acquired a majority stake in privately held premium finance company Columbia Pacific Finance LLC in Missoula, Montana.
Following the acquisition of CPF, President Reghan Brandt will continue to lead the day-to-day premium finance operation of the organization.
Terms of the deal were not disclosed.
CPF is a premium finance company providing billing solutions with a national footprint. The firm provides billing solutions for insurance agencies, general agents, and insurance companies with agency billed premiums.
K2 Insurance Services is headquartered in San Diego, Calif. It was formed in 2011 and led by CEO Robert Kimmel in partnership with investment firm Lee Equity with the goal of creating a leading underwriting and distribution franchise in the program insurance market. K2 Insurance Services is an insurance services holding company, which owns and controls a diverse set of specialty program administrators.
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