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Abry Partners Announces Acquisition of High Street Insurance Partners From Huron Capital
Transaction Completed after 13-Month Relationship Developed with Management
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BOSTON, April 16, 2021 /PRNewswire/ Abry Partners ( Abry ), a leading Boston-based private equity firm, announced today the acquisition of High Street Insurance Partners (HSIP), a full-service insurance brokerage, from Huron Capital ( Huron ), a leading lower middle-market private equity platform. HSIP management and agency partners will maintain large stakes in the company and Huron will maintain a minority interest in HSIP.
Founded in 2018, High Street Insurance Partners provides a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and personal insurance solutions. HSIP is headquartered in Traverse City, MI.
Abry Acquires High Street Insurance Partners
Abry Partners, a leading Boston-based private equity firm, announced today the acquisition of
High Street Insurance Partners, a full-service insurance brokerage, from
Huron Capital, a lower middle-market private equity platform. HSIP management and agency partners will maintain large stakes in the company and Huron will maintain a minority interest in HSIP.
Scott Wick, founder and CEO of HSIP, said, “We have rapidly grown the company and successfully integrated 24 community-focused agencies since forming HSIP two and a half years ago. We have built a strong relationship with Nate and Brent at Abry over the past 13 months and believe they are the ideal partner for us. Abry will bring additional resources and valuable industry expertise as we continue to pursue add-on acquisitions as part of our strategy to accelerate growth. We thank Huron for our collaboration over the past three years and look forward to our new partner
As Bob Brashear reflected on his 40-year career as a pharmacist, he recalled learning early on that a pharmacistâs role is so much more than simply filling prescription bottles with pills.
âI remember when I was working as an intern, filling a prescription for a diuretic for a lady. I remembered that she was also on lithium, and I remembered from pharmacy school that there was an interaction between lithium and diuretics,â he said.
The woman was in the hospital, and Brashear called and asked how she was doing. Get more from the Citrus County Chronicle
âThey said she was doing fine, âbut now sheâs comatose,â and I told them about the interaction between diuretics and lithium and to call the doctor and have him check her and get her off the diuretics,â he said.
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