Displaying items tagged: insurance

Friday, 03 February 2023 13:07

Acrisure, High Street among top insurance brokerage buyers in North America

Two of the biggest buyers of insurance brokerages in North America — Acrisure LLC and High Street Insurance Partners Inc. — both hail from Michigan.

Published in Finance
Tuesday, 20 December 2022 12:06

PE-backed High Street Insurance Partners notches 2 more acquisitions in busy 2022

TRAVERSE CITY — High Street Insurance Partners Inc. moved into the Nevada and California markets with its latest acquisition that also marks a strong dealmaking year for the firm.

Published in Finance
Wednesday, 25 May 2022 21:47

Health Alliance Plan to expand West Michigan presence with Spectrum Health agreement 

Health Alliance Plan filled a significant gap in its West Michigan care provider network with a new deal with BHSH Spectrum Health West Michigan.

Published in Health Care

Thursday, 19 May 2022 13:24

Lighthouse Group owner acquires West Michigan Insurance Inc. as industry consolidation continues

Chicago-area insurance brokerage and financial services firm Alera Group has acquired West Michigan Insurance Inc., a Grand Rapids property and casualty agency.

Published in Finance
Wednesday, 05 January 2022 11:37

Lighthouse Group expands lakeshore presence with Gales Agency acquisition

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has acquired Gales Agency from Shelby State Bank.

Published in Finance
Wednesday, 15 September 2021 10:39

Acrisure appoints former Disney executive as new CFO

GRAND RAPIDS — Acrisure LLC has hired a new chief financial officer who comes from The Walt Disney Co. and will play a key role in helping the company grow beyond the core insurance business.

Published in Finance

Wednesday, 18 August 2021 12:28

Traverse City specialty auto insurer Hagerty to go public in $3 billion SPAC merger

TRAVERSE CITY — Specialty auto insurer Hagerty Group LLC will combine with special purpose acquisition company Aldel Financial Inc. in a $3 billion deal that would make Hagerty a publicly traded company once the merger closes.

Published in Finance
Thursday, 10 June 2021 17:04

Hope Network to close Coldwater care center as a result of 2019 no-fault insurance reforms

COLDWATER — Hope Network will close a long-term housing center in Coldwater for people with severe disabilities as a new fee schedule is set to take effect under recent automotive no-fault insurance reforms.

Published in Economic Development
Friday, 16 April 2021 11:42

High Street Partners insurance brokerage acquired by Boston PE firm

TRAVERSE CITY — A Boston private equity firm has acquired Traverse City-based High Street Insurance Partners Inc., an insurance brokerage platform company formed in 2018 that has since acquired two-dozen agencies across the U.S.

Published in Finance

Thursday, 25 March 2021 15:14

Business coalition says health care legislation will drive up costs for employers, do ‘more harm than good’

A coalition of Michigan business groups is urging state senators to reject legislation that they claim will drive up the cost of health coverage for small employers.

Published in Health Care
Wednesday, 24 March 2021 10:29

Acrisure closes $3.4B capital raise to support growth, tech investments

GRAND RAPIDS — Acrisure LLC has closed on a $3.4 billion capital raise, most of which came from the sale of senior preferred stocks to a consortium of investors.

Published in Finance
Wednesday, 06 January 2021 10:25

High Street Insurance Partners acquires two agencies

TRAVERSE CITY — Insurance brokerage High Street Insurance Partners Inc. has acquired two more agencies, adding to the firm’s existing market presence in the eastern U.S. and expanding it into the Pacific Northwest.

Published in Finance

Friday, 11 December 2020 11:47

Secure Investors Group acquires Van Buren County insurance agencies

LAWTON — Troy-based Secure Investors Group Inc. plans to acquire South Michigan Insurance Agency Inc. and Donald E. Thornton Insurance Agency in Lawton.

Published in Economic Development