Abry Partners (“Abry”), a leading Boston-based private equity firm, announced today the acquisition of High Street Insurance Partners (HSIP), a full-service insurance brokerage, from Huron Capital (“Huron”), a leading lower middle-market private equity platform. HSIP management and agency partners will maintain large stakes in the company and Huron will maintain a minority interest in HSIP.
Founded in 2018, High Street Insurance Partners provides a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and personal insurance solutions. HSIP is headquartered in Traverse City, MI.
Scott Wick, Founder and CEO of HSIP, said, “We have rapidly grown the company and successfully integrated 24 community-focused agencies since forming HSIP two and a half years ago. We have built a strong relationship with Nate and Brent at Abry over the past 13 months and believe they are the ideal partner for us. Abry will bring additional resources and valuable industry expertise as we continue to pursue add-on acquisitions as part of our strategy to accelerate growth.”
Source: PR Newswire
