High Street Insurance Partners (High Street), a full-service insurance brokerage platform owned by the private equity firm Huron Capital, has acquired InPro Insurance Group (InPro), an independent insurance agency in Troy, Michigan.
InPro provides commercial, group and personal insurance to businesses ranging from local governments to maintenance services and industrial manufacturing.
The acquisition is High Street’s first in Southeast Michigan and gives the company access to InPro’s diverse customer base. InPro President Dave Goodman will remain active in his current role at InPro and is expected to serve as a valuable resource as High Street looks for additional partners across the region.
InPro is the seventh acquisition for Traverse City, Michigan-based High Street since its formation by Huron Capital in mid-2018. High Street, which is one of 15 Huron Capital ExecFactor initiatives, was designed to pursue a buy-and-build strategy through add-on acquisitions in the insurance agency market. ExecFactor combines a CEO’s industry expertise with Huron Capital’s extensive investment experience and committed capital.
Based in Detroit, Huron Capital is an operationally focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor and buy-and-build investment models.
Source: Huron Capital
Topics Mergers & Acquisitions Michigan
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