High Street Insurance Partners (HSIP), a full-service insurance brokerage platform, has acquired New Jersey-based Paladin Insurance Agency and Richardi-Demola Insurance Agency (RD). Terms of the transaction were not disclosed.
Both firms specialize in business and personal Insurance solutions. President Tom Geraghty will continue to run both firms and will now report to Scott Goodreau, managing partner and chief operating officer at HSIP. The acquisition expands HSIP’s presence in the Northeast and is the first partner in New Jersey.
Helfer & Associates served as advisor to Paladin.
High Street Insurance Partners (HSIP) is a full-service independent insurance brokerage firm. Founded in 2018, the Traverse City, Michigan-based company provides business insurance and risk management, employee benefits and human capital management, financial and retirement services and personal insurance solutions delivered through community-focused agencies.
Source: High Street Insurance Partners
Topics Mergers & Acquisitions Agencies
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