Highstreet Insurance partners secures $550m to support ongoing expansion

Highstreet Insurance Partners, an insurance agency headquartered in Michigan, has secured $550 million in new capital to continue its acquisition-focused growth strategy and expand its operations in local markets.

The funding, structured as a delayed draw term loan (DDTL) and led by Ares Capital, was increased from an initial target of $500 million due to investor interest.

The company plans to use the capital to support ongoing acquisitions and technology initiatives aimed at expanding its footprint across various communities.

This financing reflects continued investor backing for Highstreet’s growth model, which combines local market integration with strategic acquisitions and operational scaling.

“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,” added Scott Wick, CEO for Highstreet.

“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.”

“We appreciate the continued support of our financing partners and their willingness to invest in Highstreet’s vision,” said Avery Zuck, Chief Financial Officer for Highstreet.

“Highstreet is committed to managing our capital structure thoughtfully and executing on our strategic objectives, which allow us to integrate efficiently and acquire thoughtfully.”