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News:
CULPEPER INSURANCE PARTNERS APPOINTS GARGUILO AS PRESIDENT & CEO
Michael A. Garguilo to lead insurance agency platform that cultivates outstanding talent.
Culpeper Insurance Partners brings new M&A partnership options to independent agencies.
Alpharetta, GA – April 19, 2023
Culpeper Insurance Partners, LLC (“Culpeper”) or the “Company”) today announced that Michael A. Garguilo has been appointed President & Chief Executive Officer and a member of its Board of Directors. Leading Culpeper, he will help drive its unique approach in acquiring and operating independent insurance agencies across the United States.
An insurance industry veteran with more than 30 years of leadership experience, Garguilo most recently served as Divisional & Regional President for national insurance broker CBIZ Insurance Services, Inc. after selling his privately owned firm, Garco Financial, LLC, in 2017. Earlier in his career, he was President & Chief Operating Officer of national insurance broker Brown & Brown, Inc.’s Texas subsidiary, and held various executive positions with insurers Chubb and The Hartford.
David E. King, Chairman of Culpeper, commented, “Mike has quite a track record of leading agency and brokerage operations to achieve top performance levels. His deep acquisition experience and proven ability to help acquired agencies attain higher levels of success after joining matches perfectly with what Culpeper seeks to offer its new partners.”
Garguilo shared, “Culpeper brings a different option to independent insurance agency owners, one I am excited and proud to help bring to market. Our partners retain their autonomy and the uniqueness which allowed them to be successful in the past. They gain the added power of Culpeper’s capital and deeper resources to help propel them forward. By offering them a seat at the leadership table and a continuing stake in the success of our combined firm, we believe agency owners will see us as a very compelling choice for their future.”
Culpeper Insurance Partners, LLC was formed in 2022 to attract select independent insurance agencies across the United States to join a common company platform offering them access to capital, greater resources, and scale without sacrificing their autonomy and unique characteristics. Culpeper Insurance Partners, LLC is an affiliate of Culpeper Capital Partners, LLC.
For more information:
Holden King William Quirk
Analyst Vice President
Culpeper Insurance Partners, LLC Culpeper Capital, LLC
3480 Preston Ridge Rd., Suite 500 1209 Orange Street
Alpharetta, GA 30005 Wilmington, DE 19801
(770) 727-3268 (561) 805-1900