Highstreet Insurance Partners adds $550 million in growth capital

Highstreet Insurance Partners announced a $550 million delayed draw term loan led by Ares Capital to support its acquisition strategy.

Founded in 2018, Highstreet is a full-service independent insurance agency offering business insurance, employee benefits, personal insurance, retirement services, and specialty risk solutions delivered through “community-focused agencies.” The company has made more than 170 acquisitions to date.

“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. This capital investment will help Highstreet further invest in those local and national capabilities to drive our vision forward. The strength of our integrated operating model, coupled with the relationships of our local teams across hundreds of communities, enables us to better protect people, places, and our futures.” – Scott Wick, CEO for Highstreet.

“We appreciate the continued support of our financing partners and their willingness to invest in Highstreet’s vision. Highstreet is committed to managing our capital structure thoughtfully and executing on our strategic objectives, which allow us to integrate efficiently and acquire thoughtfully.” – Avery Zuck, Chief Financial Officer for Highstreet.