Company weathered recession with little loss, continues to give back to community
LAS VEGAS – Capstone Brokerage, Inc., a risk management, insurance and employee benefits firm, will celebrate 20 years this spring with a gathering of clients, employees and elected dignitaries from 3 to 7 p.m. Thursday, April 20, at the company’s headquarters, located at 8681 W. Sahara Ave., Suite 100, in Las Vegas. The event is open to the public.
While the first decade was one of learning, the second 10 years provided challenges, including the recession and its aftermath. Thanks to the business’ strong company culture and business model, Capstone Brokerage weathered the recession with a minimal 18 percent revenue dip and even managed to grow steadily enough that, in the summer of 2011, it relocated to a larger 12,320-square-foot office space located at 8681 W. Sahara Ave. Additionally, Capstone’s first employee, Rob Pusateri, is still on staff today.
Also during its second decade, Capstone remained at the top of various lists, including debuting on Inc. Magazine’s Inc. 500 list of the fastest growing private companies in the country. Its first year on the list, the company boasted a 325 percent revenue increase; Capstone has since been on the list for four years in a row.
In 2010, Best Insurance Magazine named the company one of the Best Places to Work in the United States Insurance Industry, and Vegas Inc. awarded the company first place in its Best Places to Work. Capstone is licensed in all 50 states with clients in more than 30. Locally, they serve more than 1,000 clients.
This year has been no different. Capstone Brokerage celebrated the beginning of its 20th year with 30 percent more employees, added during the first quarter.
“We are going into our third decade stronger than ever before,” said Mary Thompson, Capstone’s president, who has been with the company since 2004. “We’ve refined our formula, and we’ve weathered economic storms. Our team has longevity and works well together. The future looks bright for us.”
Through the ebbs and flows of the industry, as well as the local and national economies, Capstone Brokerage’s company culture has held strong. Out of 23 employees, nearly half have been with the company for more than five years, and six team members are going on more than a decade.
As a board member at Olive Crest, Thompson sets the standard of the company’s mantra to always give back to the community. Through a long-standing partnership with Olive Crest, a nonprofit organization dedicated to preventing child abuse and strengthening families, employees have raised more than $20,000 in monetary and in-kind donations through drives for diapers, backpacks filled with school supplies and essential bags with toiletry items. During the holidays, the team at Capstone also adopts young adults transitioning out of the foster care system.
“Corporate responsibility is an important part of our company culture,” Thompson said. “Not only does it benefit the community, but it also brings us closer together as a team. It’s a win-win.”
For more information on Capstone Brokerage, Inc., visit www.capstonebrokerage.com or call 702-227-5727.