High Street Insurance Partners’ ExecFactor full-service insurance brokerage platform has purchased insurance agency InPro Insurance Group for an undisclosed sum.
The acquired entity offers group, commercial and personal insurance to businesses as well as local governments and industrial manufacturing along with maintenance services.
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It is High Street’s first takeover in Southeast Michigan and will give the company access to InPro’s diverse customer base.
As per the terms of the agreement, InPro president Dave Goodman will retain his current role at the company.
Goodman said: “I’m looking forward to partnering with High Street and providing both our sales team and customers with greater resources.
“I know the High Street team and the people who have been helping the company grow and believe our team will thrive as we join forces.”
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By GlobalDataCommenting on the deal, High Street Insurance Partners CEO Scott Wick stated: “Dave and High Street have similar values and goals for where we would like to take our company in the future.
“We are excited to add Dave’s proven business and industry acumen and believe this acquisition will lead to additional opportunities.”
After its formation in the middle of 2018, InPro is the seventh deal for High Street. It offers a range of employee benefits services and personal lines as well as commercial property and casualty insurance to its customers.
Financial terms of the transaction have not been disclosed.
