The two companies will jointly represent more than 400 public companies
Woodruff-Sawyer & Co. has announced its acquisition of Capstone Insurance, LLC (“Capstone”). Based in Boston, Capstone Insurance is a property and casualty insurance brokerage firm specializing in Directors’ and Officers’ Liability, Errors and Omissions, Product Liability, Clinical Trials and Mergers and Acquisitions.
Woodruff-Sawyer, based in San Francisco, is a leading broker for Western Region technology companies. More specifically, it is a firm which has one of the largest life science client portfolios in the country in addition to representing 28% of all US “unicorns”, or private companies with valuations over $1 billion.
With the acquisition of Capstone Insurance, Woodruff-Sawyer continues its plans to expand its reach on the East Coast. As a result of the merger, these two privately-owned firms will collectively represent more than 400 public companies with more than 250 IPOs placed.
“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.”
According to the terms of the agreement, the acquisition of Capstone will be completed by the end of the month. In addition, Capstone’s management team lead by Matt Field, Sean Coady and Dan McMullen will be responsible for the transition and leadership of the office during and after the company’s acquisition.
