Highstreet Insurance Partners announced with a new round of $550 million in capital to further its expansion and acquisition strategy.
Led by Ares Capital, the incremental $550 million delayed draw term loan (DDTL) was upsized from a $500M initial ask during the process due to significant investor demand. The capital will be used to support Highstreet’s acquisition and innovation strategies, building on the company’s existing local presence and offerings in communities across the country.
“Highstreet is committed to deepening the impact we make by building a differentiated insurance platform that brings excellence in data-driven insights, integration best practices, and access to specialty capabilities to our communities and agents,” said Scott Wick, CEO for Highstreet.
Founded in 2018, Traverse City, Michigan-based Highstreet is a full-service independent insurance agency that provides business insurance, employee benefits, personal insurance, retirement services, and specialty risk solutions.
Topics Mergers & Acquisitions
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