Operating Company Financial Services

Keystone

Mechanicsburg, Pennsylvania, United States

Formerly known as KAI, KAP, Keyes Coverage

Keystone is a U.S. insurance brokerage and agency network that partners with and acquires independent insurance agencies, providing shared services, resources, and carrier relationships to support their growth. In 2026, Keystone Agency Partners and Keystone Insurers Group were brought together under the Keystone brand. Warburg Pincus acquired a majority stake in 2025.

Focus Areas
Insurance brokerage platform, Independent insurance agency network, Property and casualty insurance
Website
mykeystone.com

Tracked deals

19

19 tracked deals across 2020-2026.

Recent pace

4

4 tracked deals announced in the last 12 months.

Deal mix

Addon

16 addon · 2 buyout · 1 growth capital

Keystone Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Keystone. 1 2020 1 2021 3 2022 4 2023 6 2024 1 2025 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 19 tracked deals for Keystone.

  • Buyer
    Keystone Agency Partners
    Target
    Infinity Assurance Group (IAG)
    Seller
    Dowling Hales (exclusive financial advisor to Infinity Assurance Group)
    Type
    Addon

    Keystone, one of the nation’s largest independent insurance brokerages, announced it has acquired Infinity Assurance Group (IAG). The acquisition is Keystone’s first Platform Partner in California, expanding the firm’s west-coast presence. IAG will continue operating under its current leadership, with the deal effective August 3, 2026.

  • Buyer
    Keystone
    Target
    Titan Risk Solutions
    Industry
    Insurance
    Type
    Buyout

    Keystone, an insurance broker based in Mechanicsburg, Pennsylvania, has acquired Titan Risk Solutions, a trucking insurance broker headquartered in Overland Park, Kansas. Titan will lead Keystone’s newly established Trucking Vertical and later rebrand as Keystone Trucking Solutions, with day-to-day operations continuing without disruption to clients or carrier partners.

  • Buyer
    Keyes Coverage
    Target
    Seibert Insurance Agency of Tampa, Florida
    Industry
    Insurance
    Type
    Buyout

    Keyes Coverage, an independent insurance agency platform, acquired Seibert Insurance Agency of Tampa, Florida. The deal establishes Keyes Coverage’s first West Coast Florida office in Tampa and adds an experienced 18-person Tampa team that will continue operating under the Keyes Coverage brand.

  • Buyer
    Keyes Coverage
    Target
    Filer Insurance
    Industry
    Insurance
    Type
    Addon

    Keyes Coverage, a Florida-based insurance broker and Keystone platform partner, has acquired Filer Insurance, a Miami insurance agency founded in 1919. The acquisition expands Keyes Coverage's presence in South Florida and brings Filer's legacy client relationships and local expertise into the Keyes/Keystone network.

  • Buyer
    Keystone Agency Partners
    Target
    Myers, Benner Corporation
    Industry
    Insurance
    Type
    Addon

    Keystone Agency Partners (KAP) has acquired Myers, Benner Corporation, an Allentown, Pennsylvania insurance agency specializing in coverage for towing operations, garages, truck dealerships and school districts. The deal — KAP's 23rd platform partner — expands KAP's presence in Pennsylvania and will keep Myers, Benner's President Peter Dooley in place while providing access to KAP's network, technology and resources.

  • Buyer
    The Yurconic Agency, Keystone Agency Partners, Affiliates of Bain Capital, LP
    Target
    J L Davis Insurance Agency
    Industry
    Insurance
    Type
    Addon

    The Yurconic Agency has acquired J L Davis Insurance Agency, marking the agency's eighth acquisition and expanding its presence into the Gilbertsville area. The deal increases The Yurconic Agency's total locations to 16; The Yurconic Agency is a platform partner of Keystone Agency Partners (KAP), which was founded in partnership with affiliates of Bain Capital.

  • Buyer
    The Yurconic Agency, Keystone Agency Partners
    Target
    Strausser Insurance
    Seller
    Duane Epting
    Industry
    Insurance
    Type
    Addon

    The Yurconic Agency has acquired Strausser Insurance, a family-run agency based in Hamburg, Pennsylvania. The transaction — the agency's seventh acquisition and part of its partnership with Keystone Agency Partners — expands Yurconic's footprint to 15 locations in the region.

  • Buyer
    Keystone Agency Partners
    Target
    Keystone Insurers Group
    Seller
    Shareholders of Keystone Insurers Group
    Industry
    Insurance
    Type
    Addon

    Keystone Agency Partners (KAP) completed its acquisition of Keystone Insurers Group effective July 1, 2024. The deal brings Keystone Insurers Group’s franchise network into KAP’s PE-backed agency platform, expanding KAP’s regional footprint, distribution capabilities and service offerings to clients.

  • Buyer
    Keyes Coverage, Keystone Agency Partners
    Target
    A & C Insurance, Suntree Insurance
    Industry
    Insurance
    Type
    Addon

    Keyes Coverage, a Florida-based insurance broker and platform partner of Keystone Agency Partners, acquired A & C Insurance and Suntree Insurance to expand its footprint north of South Florida and strengthen its presence in the Melbourne area. The transactions broaden Keyes Coverage's commercial and personal lines capabilities as the agency continues an aggressive add-on strategy backed by Keystone Agency Partners.

  • Buyer
    Keystone Agency Partners
    Target
    LifeQuotes, Inc.
    Industry
    Insurance
    Type
    Addon

    Keystone Agency Partners (KAP) acquired LifeQuotes, Inc., an insurtech life insurance price-comparison platform founded in 1984. The acquisition adds LifeQuotes as a Platform Partner to KAP’s portfolio (bringing the total to 20) and expands KAP’s digital distribution and insurtech capabilities.

  • Buyer
    Keyes Coverage, Keystone Agency Partners
    Target
    Sabal Benefits, Nat Steinart & Associates, Robin Lewis, Inc.
    Industry
    Insurance
    Type
    Addon

    Keyes Coverage, a South Florida insurance brokerage and platform partner of Keystone Agency Partners, completed the acquisitions of Sabal Benefits, Nat Steinart & Associates, and Robin Lewis, Inc., expanding its employee benefits and commercial insurance capabilities in South Florida. The add-on deals broaden Keyes Coverage's group benefits expertise and local footprint as part of its ongoing growth strategy with backing from Keystone Agency Partners.

  • Buyer
    Keyes Coverage, Keystone Agency Partners
    Target
    Bogani Insurance Solutions, LLC, Providing Life & Health, LLC, Certain Harbour Insurance assets f/k/a Bill Daly Insurance
    Industry
    Insurance
    Type
    Addon

    Keyes Coverage, a South Florida insurance agency and platform partner of Keystone Agency Partners, has acquired Bogani Insurance Solutions, LLC; Providing Life & Health, LLC; and certain Harbour Insurance assets formerly known as Bill Daly Insurance. The transactions expand Keyes Coverage’s life and health insurance offerings and strengthen its presence across Florida as part of its partnership with Keystone Agency Partners.

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