Huron Capital-backed full-service insurance brokerage platform High Street Insurance Partners has acquired Day, Deadrick & Marshall (DDM) and Premier Northwest Insurance (Premier NW).
Financial terms of the transactions were not revealed.
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The acquisitions will support High Street’s strategic goals by boosting its Northeast footprint and establishing a new presence in the Pacific Northwest.
Beltsville, Maryland-based DDM is a full service, independent agency that offers personal, business insurance, and financial services. The company is said to have a diverse customer base in the Baltimore and Washington DC.
DDM Insurance owner and president Caroline Scruggs said: “Our partnership with High Street gives us even more confidence in our ability to continue to expand with additional resources and industry expertise.”
Oregon-based Premier NW, which has three offices in the state, offers insurance services, with a primary focus in agriculture.
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By GlobalDataPremier NW president Mike Moll said: “We are excited to team up with High Street and their deep agency partner network as we to continue to service our current customers and seek new customers.
“We believe High Street’s leadership team has the right mindset to help us capitalise on industry trends while adding to our track record of success.”
High Street CEO Scott Wick said: “We are thrilled to add both of these companies to our High Street portfolio and expand our reach throughout key geographic and specialty coverage markets.
“Both of these acquisitions are sure to benefit our entire High Street family, further increasing our scale and management expertise, while cementing our position as a leading insurance agency across the nation.”
High Street is an ExecFactor platform established in 2018 to build a full-service insurance brokerage business and has concluded 17 deals since then.
Commenting on the development, Huron Capital Principal Brian Rassel said: “High Street’s management team continues to find ways to capitalise on its momentum and I could not think of a better way to kick off the New Year than to complete these two add-on acquisitions.”
