Shantel
Key Takeaways
- Patriot Growth Insurance Services names John Galaviz as its new Chief Financial Officer.
- John Galaviz brings extensive financial and operational expertise to Patriot, with executive experience in several other financial and insurance companies.
- The appointment aims to support Patriot’s burgeoning growth and complexity as the company ranks as one of the largest and fastest-growing insurance brokers in the U.S.
- Matt Gardner, Founder, Chairman, and CEO of Patriot, believes the new CFO will help in strategic planning, capital raising, and aligning with core values and objectives.
About Patriot Growth Insurance Services
Founded in 2019, Patriot Growth Insurance Services, LLC (Patriot) is an insurance service firm focused on rapid growth. Partnering with employee benefits and property and casualty agencies across the U.S., Patriot operates in 132 locations across 26 states with over 1,700 employees. The company’s unique model of true alignment with partner agencies allows local leaders to maintain high degrees of autonomy. Backed by GI Partners and Summit Partners, the company has even earned a place on the 2023 Inc. 5000 list of fastest-growing companies. Patriot is ranked the 26th largest broker in the U.S. by Business Insurance.
Why a New CFO and Why Now?
With the rapid ascent of Patriot, it was deemed necessary to bring in a seasoned financial expert to navigate the choppy waters of macroeconomic conditions. Matt Gardner, Founder, Chairman, and CEO of Patriot said, “Patriot continues to grow exponentially, both in size and complexity, so the time is right to add a CFO to help us navigate during changing macroeconomic conditions.”
The need for a CFO isn’t just about filling a title; it’s about fulfilling a vital role in helping the company to capitalize on growth opportunities and ensure its long-term financial health. John Galaviz, the newly appointed CFO, will oversee aspects such as reporting, budgeting, forecasting, capital raising, and strategic planning. “John will also work closely with our private equity partners and cross-functional teams to ensure alignment with Patriot’s strategic objectives and core values (The Patriot Path),” Gardner added.
Who is John Galaviz?
The man tasked with steering Patriot’s financial wheel is no stranger to the complexities of the sector. John Galaviz has a prolific career marked by significant executive roles in Relation Insurance Services, Worldwide Facilities LLC, Answer Financial, Symetra Financial, and Merrill Lynch. He brings a wealth of experience to the table, not just in finance but also in operational strategies.
Galaviz himself seems keenly aware of the challenges and opportunities that lie ahead, stating, “I am very impressed with Patriot’s immense talent and strategic direction. It’s not surprising that this is one of the fastest-growing brokers in the nation. I see this trajectory continuing for quite a long time, and I’m excited to be part of the Patriot team.”
Looking at the Bigger Picture
This leadership transition isn’t happening in a vacuum. The insurance distribution landscape itself is undergoing a sea of changes, with digital platforms and online brokers becoming increasingly significant. Here, the role of a CFO with broad experience in both financial management and insurance operations becomes even more crucial.
While Patriot continues its pace of growth, expanding its employee base and physical locations, it also faces the challenges that come with such rapid scaling. These challenges are not just about numbers but also involve aligning the firm’s growth trajectory with its core values, termed as “The Patriot Path” by the company.
What Lies Ahead?
John Galaviz’s appointment comes at a critical juncture for Patriot Growth Insurance Services. With a proven track record and expertise in financial and operational strategies, he is uniquely positioned to guide the firm through its next phase of growth. His role will not just be to steer the financial operations but also to align them closely with the strategic objectives and core values of the organization.
The company stands at a fascinating intersection of growth, opportunity, and challenge. Its new CFO, backed by a solid team and strategic direction, seems poised to navigate through this landscape successfully.
With Galaviz’s entry, all eyes will now be on how Patriot adapts and evolves in a market that’s not just growing but also becoming increasingly complex. It’s a story of anticipation, and perhaps, transformation.
For more information about Patriot, visit their website at www.patriotgis.com.
