April 2, 2024 Imperial PFS® (IPFS), the leading provider of premium finance solutions in North America, has acquired Stonemark, Inc., a privately held premium finance organization. The transaction closed on April 1, 2024. 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. "We look forward to welcoming Stonemark's 48 Associates who have a combined 200+ years of industry experience," said Frank Friedman, CEO, and President at IPFS, "We have no … [Read more...]
Colonnade Advises Stonemark on its Sale to H.W. Kaufman Group
April 2018 FARMINGTON HILLS, MI; FRISCO, TX - H.W. Kaufman Group Inc. is acquiring Frisco-based premium financing company Stonemark Inc. Terms of the deal were not disclosed. Farmington Hills, Michigan-based Kaufman will merge its Royal Premium subsidiary with Stonemark to form a new organization under the Stonemark brand, according to a company statement. Kaufman owns several excess and surplus lines-related firms, including Burns & Wilcox. “Stonemark’s leadership in premium financing – with more than $125 million in annual loan volume in 2017 – combined with Royal Premium, will create an even more powerful and dynamic firm to serve retail insurance brokers and agents across the … [Read more...]