Imperial PFS (IPFS), the leading provider of premium finance solutions in North America, has acquired STONEMARK, INC., a privately held premium finance organization. The transaction closed on April 1, 2024. Stonemark’s existing client base of over 4,000 agencies, along with their entire team, are joining IPFS with this deal. This acquisition signifies tremendous growth potential in premium finance, bringing together two organizations with decades of industry expertise. Founded in 1983, Stonemark specializes in offering full-service premium finance options for both commercial and personal lines. “We look forward to welcoming Stonemark’s 48 Associates who have a combined 200+ years of industry experience,” said Frank Friedman, CEO, and President at IPFS, “We have no doubt Stonemark’s mission and values will integrate well with our continued commitment to providing Legendary Service to all of our insurance clients.” “Our united efforts give us a unique advantage in understanding the challenges and needs of the insurance industry,” said Elizabeth Davies, President at Stonemark, “We are thrilled to be joining an organization with a vibrant history in premium finance, payments, and technology solutions.” Both IPFS and Stonemark are family-owned, solution-oriented organizations that bring the drive, determination, and experience of their people to deliver exceptional results. The alignment in culture, values, and business practices provides insurance agents and brokers with expanded opportunities for exceptional results. Driven by its mission to be the market leader delivering innovative financial and technology solutions, IPFS is guided by the core values of Legendary Service, Financial Strength, Innovation, and Empowerment. IPFS provides One Platform of tools, resources, and solutions for the insurance industry including premium finance, payments, and document signature and delivery. Headquartered in Kansas City, Missouri since 1977, IPFS is the largest family-owned premium finance company in North America, with over 600 Associates, 15,000 Clients, 650,000 Insureds, and $15.5 Billion financed in 2023. More information can be found at www.ipfs.com. Colonnade Securities LLC acted as financial advisor to Stonemark during the acquisition process. #ipfs #stonemark #imperialpfs #premiumfinance #insurance
Imperial PFS
Financial Services
Kansas City, Missouri 7,238 followers
Our solutions help agents and insurance providers offer their customers improved cash flow and streamlined payments.
About us
We are the market leader in premium financing with unmatched experience, leveraging more than 45 years of industry knowledge to bring you cutting-edge solutions, powerful tools, and the Legendary Service* you need to transform your business. Simply put, we care about you…and we mean it. As a privately held corporation, we are in a unique position to maintain an unbridled commitment to our clients. With your needs top of mind, we can keep our collective finger on the pulse of market changes to act swiftly and decisively, adapting to the ever-growing industry landscape. We’re passionate about what we do and are honored to have earned your trust in delivering exceptional solutions to accommodate your business needs. IPFS is your one-stop source for premium financing, paired with easy-to-use, time-saving solutions for insureds, such as: Flexible online payment options Secure eSignature and document delivery Cancellation avoidance tools Custom-branded products and services We create competitive advantages for you so that you can offer your customers improved cash flow and a streamlined payment process – all in One Platform. *Legendary Service is a registered trademark of Blanchard Training and Development, Inc.
- Website
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https://ipfs.com
External link for Imperial PFS
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Kansas City, Missouri
- Type
- Privately Held
- Founded
- 1977
- Specialties
- Insurance Premium Financing, Document Storage & Delivery, Comprehensive Reporting & Visibility, and Payments
Locations
Employees at Imperial PFS
Updates
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Catch Lynn Chiu's webinar to learn about the current state of the MPL industry and the payment solutions available to you to help reduce the impact. Lynn is on our IPFSDirect team, working with insurance carriers to help find valuable solutions for insureds. Discover more here:
Video - MPL Alternative Solutions
info.ipfs.com
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Imperial PFS reposted this
We want to say THANK YOU to our Baggo Tournament Sponsor, Imperial PFS, our Charity Event Sponsor, Nationwide, and our Baggo Board Sponsors: Progressive Insurance, Capital Premium Financing, Graham-Rogers Insurance, Markel, Columbia Insurance Group, Jencap, Action Claim Service, Inc., Acacia Insurance, Inc., Amazing Grace Restoration Services LLC, CRC Insurance Services, Liberty Mutual Insurance/Safeco Insurance/State Auto Insurance, Lumen Select, Metro Disaster Specialists, RT Specialty, Smart Choice®, SERVPRO of Little Rock, and Traders Insurance Company! Also, thank you Experience Fayetteville, AR, and Fayetteville Town Center for all your help and for allowing us to do our tournament in Downtown Fayetteville. It was a huge success because of our attendees, sponsors, and volunteers!
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Imperial PFS reposted this
Last week, Hilb Group Healthcare, led by Specialty Platform Leader Gabrielle Lamb (far right), hosted our first Health Symposium. During the two-day event, we brought together our medical professional liability specialists and key insurance carriers to participate in a range of educational and networking activities. We thank all participants who attended this year's event and look forward to future gatherings. Sponsors/Attendees from: The Doctors Company, MedPro Group, MLMIC Insurance Company, ProAssurance, MagMutual, Curi, RT Specialty, Imperial PFS, and JDM and Associates. #WhyHilb #HilbHealthcare #MedicalProfessionalLiability
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Imperial PFS reposted this
Absolutely love our relationship with Imperial PFS! Just bound another finance agreement in which they will send over the docs to sign, collect the down payment for me, then pay the MGA. This has been a total game changer in my agency and I couldn't be happier with the level of service they provide.
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Imperial PFS reposted this
2 years in a row for Overall Male Shooter and this time Imperial PFS took second place! It’s always a “blast” at the IIA Dallas Annual Clay Shoot!
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Imperial PFS reposted this
I will be attending the IIA of San Antonio Trade Fair on April 25th. Make sure to stop by the Imperial PFS booth and say hello. #PremiumFinance #PaymentSolutions #TradeFair #IIASA
Register Today for the Annual IIASA Trade Fair! Join us for an afternoon of Fiesta on the River Walk! Register Now: https://lnkd.in/g5yVtt2u
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Imperial PFS reposted this
We at DeWitt Insurance Group love our relationship with Imperial PFS!
Had a wonderful experience representing Imperial PFS at Underwriters Alliance of Indiana, Inc. Annual Member Meeting & Tradeshow last week! Grateful to Bille Romine and the UAII team for the opportunity to network with industry leaders and learn innovative ways from successful independent agencies. Excited to share and implement these strategies going forward with my network. I look forward to supporting UAII as it continues to grow with the leadership of SIAA! #IPFS #UAII #SIAA #networking #independentagencies
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Supplement the time you spend managing administrative functions to better meet the needs of your customers by leveraging IPFS solutions. Our eForms and eSignature capabilities help you digitize your business. Learn more now: ipfs.com/one
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Join Lynn Chiu from IPFSDirect on Tuesday, April 23, for MPL Alternative Solutions, a webinar discussing the current market's impacts on the MPL industry and what carriers you do to reduce the impact. Learn more and claim your spot before they fill up! #MedicalProfessionalLiability #IPFSDirect #ImperialPFS
Webinar - MPL Alternative Solutions
info.ipfs.com