21 July 2022USA analysis

KeyState relocates Vermont offices

KeyState has leased and moved into new offices in a business complex in downtown Burlington, Vermont.

The company said that its relocation had come about because of significant growth in its captive management operations and the transition of numerous Vermont domiciled captives to KeyState over the past two years.

Since opening an official office in Vermont two and a half years ago, KeyState said it has invested heavily to grow its team of experienced captive professionals, with group leader David Guerino and five of his team members now based out of the Vermont office.

The company’s Vermont operations are now based on Main Street, Burlington.

KeyState expanded its team to service its growing captive client base and to take over the management of numerous Vermont captives that experienced diminished service levels from their previous captive managers due to mergers & acquisition turmoil and key employee turnover.

The KeyState Companies’ chief executive Josh Miller said: “We are pleased to further our investment in Vermont and our captive management group. Our growing team and expanded Vermont office is just the latest example of our long-term strategy to invest in our captive business line. I couldn’t be more pleased with the team’s continued success under Dave Guerino’s leadership.”