Huron Capital Partners LLC, a lower middle-market private equity platform, has announced that its full-service insurance brokerage platform, High Street Insurance Partners (HSIP), has acquired Hartzell Insurance Associates, NYAB Insurance and Perry & Carroll Insurance.
HSIP, formed in August 2018 by Huron Capital to build a full-service insurance brokerage business, has now completed 24 acquisitions since its formation and continues to pursue add-on acquisitions in the insurance agency market.
Hatfield, Pennsylvania-based insurance broker Hartzell Insurance has been providing businesses with business, personal and group health insurance for nearly three decades.
Founded in 2012, Long Island, New York-based NYAB is an insurance brokerage that specializes in personal and commercial insurance with a focus on New York City’s transportation industry.
Perry & Carroll Inc. is an insurance agency that has served the southern tier of New York and northern tier of Pennsylvania for more than 160 years. In addition to the acquisition, the company also announced the retirement of President Jim Rogers, who has been with the agency for 37 years. Other management team members will continue to lead the agency from the full-service office in downtown Elmira, New York.
HSIP is one of 15 Huron Capital ExecFactor initiatives, which combine a CEO’s industry expertise with Huron Capital’s investment experience and committed capital.
Source: Huron Capital Partners LLC
Topics Mergers & Acquisitions
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