Highstreet Insurance Partners announced with a new round of $550 million in capital to further its expansion and acquisition strategy.
Led by Ares Capital, the incremental $550 million delayed draw term loan (DDTL) was upsized from a $500M initial ask during the process due to significant investor demand. The capital will be used to support Highstreet’s acquisition and innovation strategies, building on the company’s existing local presence and offerings in communities across the country.
“Highstreet is committed to deepening the impact we make by building a differentiated insurance platform that brings excellence in data-driven insights, integration best practices, and access to specialty capabilities to our communities and agents,” said Scott Wick, CEO for Highstreet.
Founded in 2018, Traverse City, Michigan-based Highstreet is a full-service independent insurance agency that provides business insurance, employee benefits, personal insurance, retirement services, and specialty risk solutions.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
