High Street Insurance Partners, a full-service insurance brokerage platform of private equity firm Huron Capital, has acquired three additional agencies.
These new agency partners are Michigan-based Trust Shield Insurance Group (TSIG), Michigan-based Ken Bleeker Insurance Agency (Bleeker), and New-York based Gates-Cole Associates (Gates Cole).
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Financial details of the transactions have not been divulged.
High Street CEO Scott Wick said: “All three of these companies will provide High Street with an even deeper team of respected industry professionals with decades of combined expertise.
“We expect that these additions to the High Street family will help us to solidify our position as a leading insurance agency in our home market in Michigan and new markets.”
Set up in 1993, TSIG operates three offices in West Michigan. Besides individual customers, TSIG’s clients include Michigan-based companies in the energy, landscaping, and agriculture sectors.
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By GlobalDataBleeker Insurance offers personal and commercial lines of property and casualty insurance, group and individual health coverages, and individual life insurance in Michigan.
Brian Bleeker, president of this entity, will remain in his current role and active in the business.
Gates-Cole Associates is insurance agency with nine offices in the greater Syracuse area. It sells property and casualty insurance plans to employers and individuals in the state. President Bill Cole and vice president Tom Cole will continue to be active in the business in their current roles.
Huron Capital partner Matt Hare said: “Even with the disruption in the economy from the coronavirus pandemic, High Street’s growth plans remain on track and its deal pipeline is robust.
“The rapid growth that Scott Wick and his team have been able to achieve in a short time has been impressive, and we are confident that the addition of these three distinguished community-leading companies and industry specialists will help to keep that momentum going.”
