Lower-middle-market private equity firm Huron Capital announced that its full-service insurance brokerage platform, High Street Insurance Partners, has acquired Tracy, Driscoll & Co. Inc. and Millennium Alliance Group LLC (MAG).
Both agencies will support High Street’s strategic goals by expanding its footprint in New York and establishing a presence in Connecticut, according to a company press release.
Bristol, Conn.-based Tracy Driscoll primarily provides clients with property and casualty insurance as well as health and wellness plans. The company serves local employers and individual customers in the landscaping, construction, waste and recycling, industrial equipment and municipal services industries.
Long Island, N.Y.-based MAG also specializes in property and casualty insurance coverage for local employers and individuals. The company’s customer base is diverse and spans industries including industrial services, construction, food manufacturing and other small businesses.
The shareholders of both Tracy Driscoll and MAG will remain active with High Street. Terms of the deals were not disclosed.
High Street, an ExecFactor platform formed in August 2018 to build a full-service insurance brokerage business, has completed 15 acquisitions since its formation and continues to pursue organic growth through add-on acquisitions in the insurance agency market. Founded in 2018 and headquartered in Traverse City, Mich., it is a full-service insurance brokerage that provides business insurance and risk management, employee benefits and human capital management, financial and retirement services and personal insurance solutions.
Source: Huron Capital
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