A new partnership is added Minnesota to the growing footprint of KAP Platform Partners and enhances the platform’s depth in trucking and employee benefits coverage ranges
HARRISBURG, Pa.–(BUSINESS WIRE)–
Keystone Agency Partners (KAP), a growing insurance brokerage platform, today announced a strategic partnership with Cartier Agencyan independent insurance agency that serves the personal, business, life and health insurance needs of clients of Minnesota. Cartier Agency marks the 16e Platform Partner of the growing network of independent agencies of KAP and the 48e transaction since its inception in 2020. Financial terms of the majority stake transaction were not disclosed.
“We are delighted to have Cartier Agency as KAP’s premier partner in Minnesota,” said Jeff Turngeneral manager of Keystone Agency Partners. “Cartier’s management team has built an agency of excellence and shares our vision of unlocking growth and profitability while putting the customer first. They are an ideal partner for our platform – a leader in their market with a strong and committed management team focused on growth – we look forward to partnering with the team as we expand in the region.
Founded in 1979, Cartier Agency has become a leading independent insurance agency due to its commitment to providing its clients with friendly, personalized service and expertise in all areas of the insurance industry. Situated in Duluth, Minnesotathe agency takes great pride in being an integral part of the communities it serves and has been named the 2022 Minnesota State “Agency of the Year” by Keystone Insurers Group. Its agency leaders sit on many community boards and committees and belong to many service organizations.
“The Cartier agency has built a reputation for trust and integrity over its 40+ years of serving communities across the state,” said Matthew Cartierco-owner at Cartier Agency. “Our team of professionals represents many years of experience in personal, commercial, life and health insurance. KAP’s commitment to excellence, exceptional resources and experience in strategizing with our team make it the ideal partner to support our future growth.
About Keystone Agency Partners
Keystone Agency Partners is a rapidly growing insurance brokerage platform that acquires and partners with independent insurance agencies across United States. KAP provides the best services and capital investments that unlock potential and deliver outsized and profitable growth within its platform agencies. Keystone Agency Partners was founded in 2020 in partnership with Keystone Insurance Group, Inc. and affiliates of Bain Capital, LP. For more information, please visit: www.keystoneagencypartners.com.
About Cartier Agency
Cartier Agency served Minnesota since 1979. We specialize in business, trucking, home and auto insurance and employee benefits. We employ over 15 people headquartered in Duluth, Minnesota. We pride ourselves on our commitment to meeting the insurance needs of our customers. For more information, please visit: www.caduluth.com.
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William Welch
Keystone Agency Partners
[email protected]
Source: Keystone Agency Partners
