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IPFS Acquires Texas’ Stonemark *Centurion Insurance AFS*

Apr 02, 2024 (0) comment , , , , , ,

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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

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