Farmington Hills, Mich.-based H.W. Kaufman Financial Group Inc. has acquired Stonemark Inc., a Dallas-based premium financing company, the Insurance Journal reported.

H.W. Kaufman Group plans to merge Stonemark into unit Royal Premium. Stonemark will maintain the group's associates at its current location in Dallas. Royal Premium's Detroit and Farmington Hills, Mich., office will operate under the Stonemark name.

Stonemark CEO Elizabeth Davies will head the combined organization as President and COO Laura Tate will assume the role of chief administrative officer.