High Street Insurance Partners (HSIP), a full-service independent insurance brokerage firm based in Traverse City, announced the acquisition of 27 former Nationwide exclusive insurance agencies. Terms of the transaction were not disclosed.
The agencies are located throughout North Carolina, South Carolina, Pennsylvania, Tennessee, and Maryland. All of the agency presidents will remain in place at the respective business and will now report to Karl Sherrill, regional president at HSIP.
“We are excited about offering a complete independent platform to our new agency partners. As clients’ needs continue to evolve, I’m excited to share new offerings clients will now have access to,” says Sherrill. “These agencies, associates, and their clients are a perfect complement to HIS’s overall strategy.”
HSIP was founded in 2018 and provides a broad array of business insurance and risk management; employee benefits and human capital management; financial and retirement services; and personal insurance solutions delivered through community-focused agencies.
It employs more than 1,000 insurance specialists and consultants in offices based in Colorado, Connecticut, Florida, Illinois, Iowa, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
The company has completed 78 acquisitions since forming in mid-2018, making it one of the fastest growing insurance brokerages in North America. HSIP was acquired in April of this year by Boston’s Abry Partners.
