High Street Insurance Partners (High Street), a portfolio company of the private equity firm Huron Capital, has acquired Capital Insurance Group (CIG), headquartered in Bloomfield, Michigan.
CIG primarily sells commercial insurance programs throughout Michigan. The company’s customer base spans industries that include engineering firms, waste and recycling, utilities and other industrial and municipal services.
The acquisition of CIG is Huron Capital’s 200th since its inception in 1999.
Terms of the deals were not disclosed.
Traverse City, Michigan-based High Street, an ExecFactor platform formed in August 2018 to build a full-service insurance brokerage business, has completed 13 acquisitions since its formation.
Based in Detroit, Huron Capital is an operationally focused private equity firm with a history of growing lower middle-market companies through its ExecFactor buy-and-build investment model. Huron Capital’s sector focus includes business services, consumer products and services, and specialty industrials.
Source: Huron Capital
Topics Mergers & Acquisitions Michigan
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