Capstone Strategic Partners with OceanAir Credit Union for Strategic Insurance Acquisition

In an exciting move aimed at expanding its service offerings, OceanAir Federal Credit Union, located in Oxnard, California, has successfully acquired Larson Insurance Agency, LLC, a prominent insurance agency based in Ventura, California. This strategic acquisition was facilitated by Capstone Strategic, Inc., a leading advisory firm that specializes in credit union transactions.

The announcement of this significant milestone was made on July 9, 2025, highlighting the collaboration between OceanAir's team and Capstone, which has delivered key insights and opened doors to quality acquisition prospects critical to OceanAir's growth strategy. Rick Weber, CEO of OceanAir Federal Credit Union, expressed his satisfaction with the partnership, stating, “OceanAir’s team benefited from the Capstone partnership. We learned valuable insights about the target markets and they opened doors with owners of quality acquisition prospects in desired geographies.”

This acquisition is strategically vital as it enables OceanAir to broaden its scope within the financial services sector by integrating Larson Insurance into its offerings, thereby enhancing the Union's ability to meet the evolving needs of its members. As the insurance landscape continues to transform, having an in-house agency will allow OceanAir to offer tailored insurance solutions alongside its existing financial products.

Capstone's role was pivotal, as they provided thorough analyses of potential acquisition candidates, ensuring that OceanAir made an informed decision. The firm's expertise was evident throughout the negotiation process, helping to guide the credit union to the successful closing of the transaction. Charles Schwab, a Manager at Capstone, reflected on the collaborative experience, saying, “Collaborating with Rick and the OceanAir team was a rewarding experience as we refined their insurance growth strategy and conducted a systematic evaluation of potential candidates.”

With the addition of Larson Insurance Agency, OceanAir is poised to strengthen its presence in the property and casualty insurance market, thereby enhancing its capabilities in responding to member needs. John Dearing, a Partner at Capstone, added, “The strategic transaction with Larson Insurance expands OceanAir's team and capabilities in the property and casualty market. OceanAir’s CUSO business continues on its planned growth trajectory, and we are proud to be a part of their growth story.”

The successful acquisition signifies a proactive approach by OceanAir to leverage growth opportunities within its operational landscape. Capstone Strategic continues to demonstrate its commitment to assisting credit unions like OceanAir in exploring strategic growth paths, thereby fostering an environment of innovation and enhanced service delivery.

About Capstone Strategic, Inc.

Founded in 1995, Capstone Strategic, Inc. stands as a leader in facilitating acquisitions for credit union service organizations (CUSOs). With a track record of over $1 billion in transaction value across various industries, the firm specializes in providing credit unions and CUSO leaders with tools and insights to streamline their growth initiatives. Capstone's mission is to enable credit unions to realize their growth potential through strategic acquisitions and thoughtful market engagement. For more information on their services and expertise, visit Capstone Strategic's website.

In summary, the acquisition of Larson Insurance Agency is not just a transaction; it is a strategic step that opens up new avenues for OceanAir Federal Credit Union, ultimately benefiting its members and the broader community. As the financial landscape continues to evolve, partnerships like those between Capstone and OceanAir are crucial for sustained growth and success.