Capstone Strategic Advises Skyla Financial Solutions on the Acquisition of Policyline Insurance

The Transaction Strengthens Skyla's Insurance Product Portfolio and Employee Benefits Consulting Capabilities

VIENNA, Va., Feb. 5, 2025 /PRNewswire/ -- Capstone Strategic, Inc. is pleased to announce its role as the exclusive M&A advisor to Skyla Financial Solutions in its successful acquisition of Policyline Insurance. This strategic transaction enhances Skyla Insurance Services, a subsidiary of Skyla Credit Union, by expanding its portfolio of cost-efficient insurance products and strengthening its employee benefits consulting services.

The acquisition of Policyline Insurance represents a significant milestone for Skyla Insurance Services, aligning with its mission to provide comprehensive insurance solutions to Skyla Credit Union's corporate accounts and sponsor companies. The expertise and industry knowledge of Policyline's team will ensure a seamless integration, enhancing Skyla's ability to deliver customized benefits solutions that support workforce attraction and retention while meeting budget objectives. Geoff Ricks, the owner of Policyline Insurance, has been appointed President of Skyla Insurance Services, effective immediately. Under his leadership, the combined organization will continue to offer exceptional service and a broader suite of insurance solutions.

Capstone Strategic played a key role in guiding Skyla Financial Solutions in the transaction. "Capstone provided valuable support throughout the acquisition process, helping to navigate any complexities and ensure a smooth transaction," said Ray Crouse, President of Skyla Financial Solutions. "Their expertise in credit union service organization [CUSO] M&A and understanding of our strategic goals were instrumental in completing this deal. We're very pleased with the outcome and look forward to the opportunities this acquisition will bring to Skyla and its members."

John Dearing, Partner at Capstone Strategic, added, "It was a pleasure working with Ray Crouse and the Skyla team throughout this transaction. Their strategic vision and commitment to delivering value to members made this acquisition a seamless and efficient process." Matt Craft, Capstone Strategic Vice President added, "At Capstone, we take pride in facilitating transactions that align with our clients' long-term growth objectives, and we are thrilled to have played a role in this successful private deal."

The transaction officially closed on January 2, 2025.

About Capstone Strategic, Inc.

Capstone Strategic, Inc. is the leader in acquisitions for credit union service organizations (CUSOs). The firm helps CUSO and credit union leaders develop, evaluate, and implement proactive external growth initiatives. Established in 1995 by CEO David Braun, Capstone specializes in strategic not-for-sale acquisitions and targeted divestitures and has facilitated over $1 billion in transactions in more than 100 industries. For additional information go to the Capstone website at https://www.capstonestrategic.com or call 703-854-1910.

About Skyla Credit Union

Skyla Federal Credit Union is a full-service financial institution dedicated to improving the financial lives of its members through innovative solutions and exceptional service. Based in Charlotte, NC, and rooted in the Carolinas, Skyla is a trusted partner for individuals and businesses alike. As a not-for-profit cooperative wholly owned by its members, Skyla serves more than 103,000 members with over $1.4 billion in assets and operates 18 branch locations throughout the region. Learn more at www.skylacu.com.

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SOURCE Capstone Strategic