High Street Insurance Partners, a full-service insurance brokerage platform headquartered in Traverse City, has acquired New Jersey-based Paladin Insurance Agency (Paladin) and Richardi-Demola Insurance Agency. Terms of the transaction were not disclosed.
Both firms specialize in business and personal Insurance solutions. Tom Geraghty will continue to run both firms and now will report to Scott Goodreau, managing partner and COO at High Street.
The acquisition expands High Street’s presence in the Northeast and are its first partners in New Jersey.
High Street Insurance Partners, until recently part of the portfolio of Huron Capital in Detroit, provides 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 500 insurance specialists and consultants in nine states.