Unity Partners, a principles-based private equity firm, and Tropolis, an Ann Arbor, Mich.-based insurance brokerage that provides property & casualty and employee benefits solutions, announced that Tropolis has completed the acquisitions of three insurance agencies in Southeastern Michigan. Terms of the private transactions were not disclosed.
The three businesses—360 Risk Management, a commercial P&C agency with a focus on providing insurance and risk management solutions for restaurant businesses; Modi Benefits, a national benefits and risk management firm; and Fishman Agency, a provider of commercial insurance with a focus on recycling and waste management—are the first acquisitions for Tropolis since announcing its partnership with Unity Partners.
While all three agencies are based in the greater Detroit area, Tropolis continues to evaluate potential partnerships with highly motivated leaders of rising insurance businesses across the U.S. and looks forward to opportunities to provide insurance services to new and emerging markets.
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