SAN FRANCISCO, Dec. 8, 2015 /PRNewswire/ -- Woodruff-Sawyer & Co. announced today that it will be acquiring Capstone Insurance, LLC in Boston, Massachusetts. The acquisition represents key synergies between the two firms: both are established, privately owned firms built upon integrity, innovation and a deep commitment to clients.
"This is a continuation of our strategic growth plan both in terms of geography and capabilities," said Charlie Rosson, CEO of Woodruff-Sawyer." Capstone exemplifies the entrepreneurial spirit that Woodruff-Sawyer was built on. The team is comprised of true professionals with expertise that will enhance our current areas of specialization. With this partnership we can offer clients expanded offerings, tools and resources—in a region where we already enjoy substantive client relationships."
"We are so pleased to be joining Woodruff-Sawyer," said Matt Field, principal at Capstone. "Woodruff-Sawyer shares our dedication to clients, particularly in the technology, venture capital and life sciences sectors. By joining the two companies we are bringing together some of the most highly regarded leaders in the industry." Capstone principal Sean Coady added, "This will enhance our platform and capabilities even further, allowing us to better serve our clients."
Woodruff-Sawyer is a leading broker for Western Region technology companies. They also have one of the largest life science client portfolios in the industry with over 400 clients. Their client base includes 28% of US "unicorns" (private companies with valuations over $1 billion). Collectively, Woodruff-Sawyer and Capstone represent more than 400 public companies, and have placed over 250 IPOs.
The acquisition will be completed by the end of the year. Capstone is owned and managed by Matt Field, Sean Coady and Dan McMullen. The three partners will share responsibility for the transition and leadership of the office going forward.
Woodruff-Sawyer & Co.
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About Woodruff-Sawyer & Co.
Woodruff-Sawyer is one of the largest independent insurance brokerage firms in the nation, and is an active partner of Assurex Global and International Benefits Network. For over 97 years, Woodruff-Sawyer has been partnering with clients to implement and manage cost-effective and innovative insurance, employee benefits and risk management solutions, both nationally and abroad. Headquartered in San Francisco, Woodruff-Sawyer has offices throughout California, and in Oregon, Colorado, Hawaii, New England and Washington. For more information, call 800.675.4467 or visit www.wsandco.com.
SOURCE Woodruff-Sawyer & Co.