Patriot Growth Insurance adds Shapiro Insurance Group to its platform

US insurance agency Patriot Growth Insurance Services has added Shapiro Insurance Group (SIG) to the Patriot platform.

The partnership with SIG marks Patriot’s entry into the Florida marketplace and significantly strengthens its existing capabilities in the property & casualty (P&C) 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 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 organic growth, SIG has completed 11 acquisitions in the past ten years; VP of operations Sheona Fanelli leads operations across Northeast, Central and South Florida. By partnering with Patriot, SIG can leverage the platform’s resources and national network for 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 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.”

Matt Gardner, founder and CEO of Patriot, added: “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. We are excited to deliver Patriot’s resources, ideas and capital to help Joel, Sheona and the entire SIG team continue to grow.”