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Patriot Growth Insurance Services Expands Footprint into Florida with Addition of Shapiro Insurance Group

April 21, 2020


FORT WASHINGTON, Pa.—(BUSINESS WIRE)—Patriot Growth Insurance Services, LLC (“Patriot”), one of the country’s fastest-growing national insurance agencies, today announced the addition of Shapiro Insurance Group (“SIG”) to the Patriot platform. The partnership with SIG marks Patriot’s entry into the important Florida marketplace and significantly strengthens its existing capabilities in the Property & Casualty insurance arena. SIG is headquartered in Jacksonville, FL and has grown to nearly 80 insurance professionals in 10 locations throughout the state.

Joel Shapiro founded SIG in 1990 and has built it into one of the largest independent insurance agencies in Florida. The firm’s energetic and client-focused team provides a broad slate of personal and commercial insurance products to thousands of families and businesses throughout the Southeastern United States. In addition to its strong organic growth, SIG has completed eleven acquisitions in the past ten years; VP of Operations Sheona Fanelli ably leads highly integrated operations across Northeast, Central and South Florida. By partnering with Patriot, SIG can leverage the platform’s extensive resources and national network to continue delivering best-in-class products and services to its customers.

"We were seeking a growth-focused partner that can help us take our business to the next level, and we found our perfect match in Patriot,” said Mr. Shapiro.  "They spent the extra time to get to know us as people and to understand our goals for the future of SIG. In addition to being a great cultural fit for our company, Patriot brings the resources, expertise and passion necessary to fuel the next chapter of our growth journey.”

"Joel and I spent many hours together during this process, getting to know one another and exploring the cultural and strategic fit between SIG and Patriot. In a dizzying sea of potential buyers, the personal relationship we developed was key,” said Matt Gardner, founder and CEO of Patriot.  "We are excited to deliver Patriot’s resources, ideas and capital to help Joel, Sheona and the entire SIG team continue to grow.”

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. With over 400 professionals operating in 40 locations across 11 states, Patriot’s collaborative model delivers 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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