Flexpoint Ford, a private equity investment firm with approximately $7.8 billion of regulatory assets under management, through its Flexpoint Ford Asset Opportunity Fund II, has made an investment in Keystone Agency Partners, an insurance brokerage firm.
Since launching in 2020, KAP has grown to have over $200 million of revenue and a presence across 17 states. KAP was founded with support from Keystone Insurers Group Inc. and Bain Capital LP. The investment from Flexpoint looks to further KAP’s growth strategy and fund the expansion of the company’s portfolio of platform partners.
“Flexpoint’s experience investing across the insurance value chain for nearly two decades will offer deep expertise and strategic insight as KAP continues to expand,” says Jeff Turner, KAP CEO. “This new investment will enable us to drive additional value in our business and continue our fast-paced growth.”