News | February 9, 2021

Patriot Growth Insurance Services Expands Property And Casualty Capabilities With Addition Of Stuart Insurance

FORT WASHINGTON, PA.--(BUSINESS WIRE)--

Patriot Growth Insurance Services, LLC (“Patriot”), one of the country’s largest and fastest-growing national insurance agencies, today announced the addition of Stuart Insurance (“Stuart”) to the Patriot platform. The partnership with Stuart Insurance significantly bolsters Patriot’s existing property and casualty insurance capabilities and further supports the platform’s expansion within the Florida marketplace.

Formed in 1981 and based in Palm City, Florida, Stuart Insurance is a full-service independent insurance agency that provides a variety of commercial and personal lines insurance products. Stuart offers a tailored approach to address its clients’ needs by first forming a deep relationship with each customer, then leveraging a variety of proprietary tools to analyze their specific risks and ultimately implementing a personalized and comprehensive insurance program. The Business is led by second-generation owner and President, Cabot Lord.

“Patriot shares our deep commitment to offering unmatched customer service, while generating strong, consistent organic growth,” said Mr. Lord. “These have been Stuart’s goals and values since my father formed the company in 1981. We are beyond thrilled to begin the next chapter of our growth journey with Patriot.”

Stuart Insurance will operate within Shapiro Insurance Group (“SIG”), a multiple-line agency that offers a range of auto, homeowners, life and business insurance products to thousands of families and businesses throughout the southeastern United States. Founded in 1990 by President Joel Shapiro, SIG joined Patriot in 2019 and has continued its growth trajectory as one of the largest insurance agencies in Florida.

“I am confident Cabot and the Stuart team will be fantastic partners to Patriot and SIG. Stuart’s expertise in the commercial marketplace and longstanding carrier relationships, will bolster Patriot’s suite of value-added services throughout the state of Florida,” said Joel Shapiro, President of SIG. “We value partnerships like this one, where there are great synergies realized from day one.”

“Florida continues to be a critical geography for Patriot. Cabot and his team truly embody our core values and shared vision, making them the perfect fit for Patriot,” said Matt Gardner, Founder and CEO of Patriot. “We are excited to welcome them to the Patriot family and continue to be humbled by the confidence our Patriot partners place in us.”

About Patriot Growth Insurance Services

Founded in 2019, Patriot is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. In its first year of operation, Patriot was ranked the 53rd largest insurance broker in the U.S. by Business Insurance. With over 850 employees operating in 70 locations across 18 states, Patriot’s collaborative model delivers growth capital, resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. Patriot’s unique equity model creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot is backed by growth equity investor Summit Partners. For more information, please visit www.patriotgis.com.


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