Capstone Strategies

What Capstone Strategies does

Capstone Strategies is a private property and casualty (P&C) and employee benefits insurance brokerage founded in 2006 and headquartered at 1002 W. Wall St., Midland, Texas. The firm operates a focused three-product portfolio: commercial P&C insurance addressing property damage, income loss, and liability; specialized Energy Insurance Solutions tailored to oil and gas extraction companies operating globally; and an Employee Benefits suite covering healthcare plans, pharmacy savings, and ancillary benefits. Its primary customer base is oil and gas extraction companies in the Permian Basin / West Texas region, with secondary service to broader West Texas commercial accounts requiring P&C and benefits brokerage.

The firm operates as a single-office regional advisory, delivering insurance placement and risk management consulting through direct sales relationships. Pricing and compensation operate via standard brokerage commission and fee-for-service structures; no public pricing or fee schedule is disclosed. There is no proprietary technology product, software platform, or consumer-facing application; the offering is service-led, with the team's domain knowledge in energy-sector risk as the primary value driver.

Capstone has been acquired by NFP, a leading P&C and benefits broker and an Aon company, and now operates under the NFP brand while retaining its Midland, TX office and West Texas energy-sector specialization. Through NFP, the firm gains access to expanded carrier relationships, specialty coverage lines across 17+ industries, claims analytics, captive solutions, and international placement — capabilities well beyond what the standalone entity could deliver. The combined firm has between 11 and 50 employees, with regional leadership integrated into NFP's Central and West Region structure.

Name

Capstone Strategies

Legal name

Capstone Strategies

Website

https://capstonelp.com

Company type

Private

Founded year

2006

Operating status

Acquired

Headcount range

11–50 employees

Short description

Capstone Strategies is a property and casualty and employee benefits insurance brokerage founded in 2006 in Midland, Texas, specializing in commercial P&C and energy insurance solutions for oil and gas companies and other businesses across West Texas. Now operating as part of NFP, an Aon company.

Ownership category

akta.pro rank

Headquarters

HQ city

Midland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Distribution channels1 record

Marketing channels1 record

Core offering

Capstone Strategies is a property and casualty and benefits insurance brokerage based in Midland, Texas, serving West Texas commercial clients. The firm specializes in insurance solutions for the oil and gas sector while also providing employee benefits packages and general commercial risk coverage. Founded in 2006, the agency was acquired by NFP (a subsidiary of Aon) and now operates within NFP's Central and West Region.

Product overview

Capstone Strategies is an insurance brokerage firm offering a focused portfolio of commercial insurance products. The firm operates three core offerings: Property and Casualty Insurance addressing property damage, income loss, and liability; Energy Insurance Solutions providing specialized coverage for the oil and gas sector; and Employee Benefits delivering healthcare and benefit packages. Following its acquisition by NFP, the firm now has access to expanded resources while maintaining its specialty focus on West Texas energy clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Property and Casualty Insurance Commercial property and casualty insurance brokerage services for businesses in West Texas, providing risk transfer solutions for general commercial exposures.
• Energy Insurance Solutions Specialized insurance products and risk management solutions tailored to upstream and midstream oil and gas operators, with deep focus on the Permian Basin market.
• Employee Benefits Group employee benefits brokerage including health, welfare, retirement, and voluntary benefit plan design, placement, and ongoing administration for employer clients.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NFP (an Aon company)flagshipStrategic or Co-development PartnerCapstone Strategies has been acquired by and is now part of NFP, a leading property and casualty and benefits broker. This integration provides Capstone with expanded resources, deeper expertise, and innovative solutions to better serve clients in West Texas, particularly in the oil and gas sector.

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• NFP (an Aon company): NFP is the parent company of Capstone Strategies and operates as a leading P&C and benefits broker with similar service lines (commercial P&C, energy, employee benefits), making it the most direct comparand and platform peer.
• Marsh McLennan: Global insurance brokerage and risk advisory firm with a deep energy practice; comparable as a broader incumbent offering overlapping P&C, energy, and benefits capabilities to large and mid-market clients.
• Willis Towers Watson (WTW): Global advisory, brokerage, and solutions firm with significant energy, P&C, and human capital practices; comparable to NFP/Capstone in combining risk and benefits brokerage for commercial clients.
• Aon: Grandparent company of Capstone via NFP and a global leader in risk, insurance brokerage, and human capital advisory; serves as the broadest incumbent peer with overlapping energy and benefits capabilities.

Direct peers

• Higginbotham: Texas-headquartered, employee-owned insurance broker with a strong energy and commercial P&C practice across the state; directly comparable as a regional specialist serving Texas-based businesses.
• Alliant Insurance Services: Large U.S. specialty insurance broker with significant energy and commercial P&C practices; comparable as a mid-to-large broker targeting specialty commercial lines and energy clients.
• Hub International: North American insurance brokerage with strong energy, construction, and commercial P&C offerings; directly comparable as a multi-region broker competing in the same specialty lines.
• USI Insurance Services: Growing national insurance brokerage serving middle-market and commercial clients across P&C, employee benefits, and specialty lines including energy; comparable in target client size and product breadth.

Emerging players

• Brown & Riding: Specialty wholesale insurance broker with a strong energy and property practice; comparable as a specialist player focused on complex commercial and energy risks, similar to Capstone's energy niche.

Others

• Assurex Global: Worldwide partnership of independent insurance and risk management firms; comparable as a peer/distribution channel — Capstone's regional specialization aligns with the partnership model used by other regional brokers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capstone Strategies