Keystone Company Companions has introduced that its portfolio firm, Keyes Protection, has acquired Seibert Insurance coverage Company, extending its attain into west-central Florida.
The transaction expands Keyes Protection’s operations throughout private strains, industrial property and casualty, and specialty insurance coverage.
Entry deeper trade intelligence
Expertise unmatched readability with a single platform that mixes distinctive information, AI, and human experience.
The businesses didn’t disclose the monetary phrases of the transaction.
Tampa-based Seibert Insurance coverage Company gives private and industrial insurance coverage providers and employs 18 individuals.
Seibert Insurance coverage Company CEO Karyn S Roeling stated: “With Keyes and Keystone behind us, we will provide broader sources, extra service entry and enhanced expertise, whereas maintaining the native service our purchasers anticipate.”
Following the deal, the enterprise will proceed to function from its present workplace in Tampa whereas transitioning to the Keyes Protection model.
The acquisition marks one other step in Keyes Protection’s growth in Florida.
The corporate stated that partnerships accomplished since 2021 have resulted in its measurement and income doubling.
Seibert brings greater than 150 years of mixed trade expertise, together with a longtime presence within the Tampa Bay market.
Keyes Protection was based in 1976 and relies in Fort Lauderdale.
It joined Keystone Company Companions in 2022.
Established in 2020, Keystone is a US retail insurance coverage dealer that works with impartial businesses by way of distribution, partnerships, providers and capital assist.
Keyes Protection CEO David Ragno added: “We’re excited to welcome the Seibert staff to Keyes Protection. It provides us a real West Coast presence in Tampa and a robust basis to strategically construct out the market, and it continues the considerate progress now we have pursued as a part of Keystone.”
The Seibert transaction follows one other Florida deal introduced by Keyes Protection in November final yr, when it acquired Miami-based Filer Insurance coverage.
Filer Insurance coverage, based by Henry H. Filer, has operated in south Florida since 1919 and served purchasers within the area for greater than 100 years.
Its private insurance coverage merchandise embrace householders, motor, flood and boat cowl.
