StoneRidge, the private‑equity firm with a focus on insurance and financial services, confirmed it has acquired Driven Island Agencies, a regional insurance brokerage. The deal was financed by StoneRidge’s backer, CIVC Partners, underscoring the investor’s confidence in the sector’s growth. The purchase adds a portfolio of commercial and personal lines to StoneRidge’s existing platform, which already includes several specialty brokers.

By folding Driven Island into its network, StoneRidge aims to broaden geographic reach and cross‑sell services to a larger client base. Industry observers note that the move follows a wave of consolidation as carriers and brokers seek scale to negotiate better terms with insurers and invest in technology. For Driven Island, the transaction promises access to capital and operational expertise that could accelerate product development and digital transformation.

The combined entity is expected to retain the boutique’s staff and client relationships while leveraging StoneRidge’s back‑office resources. The acquisition signals continued appetite among private‑equity sponsors for niche insurance assets.