High Street Insurance Partners Acquires Vested Risk Strategies in Michigan
High Street Insurance Partners (HSIP), a full-service insurance brokerage platform of the private equity firm, Huron Capital, has acquired Vested Risk Strategies Inc. (Vested), based in Hillsdale, Michigan.
Founded in 1928, the full-service insurance agency changed its name to Vested Risk Strategies in 2017, as the firm shifted its focus to offer a holistic and collaborative perspective on risk.
Vested specializes in alternative risk financing arrangements including captive insurance programs. Vested works to help its clients turn their insurance and risk management programs into a competitive advantage and profit center.
HSIP, an ExecFactor platform formed in August 2018 to build a full-service insurance brokerage business, has now completed 18 acquisitions since its formation and continues to pursue add-on acquisitions in the insurance agency market. HSIP is headquartered Traverse City, Michigan.
Based in Detroit, Huron Capital is an operationally focused private equity firm with a long history of growing lower middle-market companies.
Source: Huron Capital