Capstone Strategic Assists Skyla Financial in Successful Policyline Insurance Acquisition

Capstone Strategic Facilitates Skyla Financial Solutions Acquisition of Policyline Insurance

In a significant development in the financial services sector, Capstone Strategic, Inc. has successfully advised Skyla Financial Solutions during its acquisition of Policyline Insurance. This strategic move marks a pivotal enhancement for Skyla Insurance Services, a subsidiary of Skyla Credit Union. By integrating Policyline Insurance into its portfolio, Skyla aims to bolster its array of cost-efficient insurance offerings and improve its employee benefits consulting capabilities.

The acquisition, which concluded on January 2, 2025, is expected to be a game-changer for Skyla Insurance Services. This integration is designed to align with Skyla Credit Union's mission to deliver comprehensive insurance solutions to its corporate clients and partner companies. By incorporating Policyline's expertise and industry knowledge, Skyla aims to provide tailored benefit solutions that can effectively assist in workforce attraction and retention, all while adhering to budget considerations.

Geoff Ricks, the owner of Policyline Insurance, has been appointed as the new President of Skyla Insurance Services and is expected to leverage his experience and industry insight to ensure a smooth transition and integration process. Under Ricks’ leadership, the amalgamated organization will continue to deliver exceptional service while significantly broadening its suite of insurance solutions.

Ray Crouse, the President of Skyla Financial Solutions, remarked on the acquisition process stating, "Capstone provided invaluable support throughout the acquisition process, helping manage complexities and facilitating a smooth transition." Crouse emphasized the significance of Capstone’s understanding of credit union service organization (CUSO) mergers and acquisitions, which played a critical role in deciphering Skyla’s strategic goals and fulfilling their objectives seamlessly.

John Dearing, a Partner at Capstone Strategic, expressed his satisfaction with the partnership, stating, "It was a pleasure collaborating with Ray Crouse and the Skyla team throughout this transaction. Their strategic vision and commitment to member value made this acquisition a streamlined and efficient process."

Matt Craft, the Vice President at Capstone Strategic, added, "At Capstone, we take immense pride in enabling transactions that fit our clients' long-term growth ambitions. We are thrilled to have contributed to this successful deal."

As the leader in acquisitions for credit union service organizations (CUSOs), Capstone Strategic has held a prominent position in the market since its establishment in 1995. The firm focuses on guiding CUSO and credit union leaders through proactive external growth strategies, having managed over $1 billion in transactions across more than 100 industries.

In terms of Skyla Credit Union’s profile, it is a full-service financial institution committed to enhancing the financial well-being of its members through innovative solutions and superior service. Based in Charlotte, North Carolina, Skyla operates as a member-owned cooperative, serving over 103,000 members and managing assets exceeding $1.4 billion across its 18 branch locations in the Carolinas.

In conclusion, the acquisition of Policyline Insurance by Skyla Financial Solutions, facilitated by Capstone Strategic, stands to significantly enhance Skyla’s service offerings and support its mission to serve its members exceptionally. The ongoing commitment to delivering tailored benefits solutions will likely foster stronger member relationships and meet the evolving demands of the workforce in today’s competitive landscape.