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Sica | Fletcher advises Commonwealth Insurance Partners, LLC in its sale to High Street Insurance Partners.

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Overview of Transaction

  • Commonwealth Insurance Partners, LLC (CWIP) is a wholesale insurance broker and MGA headquartered in North Quincy, Massachusetts. Established in 2006, the Company is commercial lines-focused, with approximately 70% of gross commissions derived from commercial accounts.

  • CWIP serves over 4,000 insureds through 260 retail agency partners and places a large variety of risks through standard markets; however, CWIP also specializes in non-traditional, hard-to-place risks through their surplus lines division.

  • Industry areas of specialty for CWIP are habitational, restaurants, contractors, and coastal home business.

  • CWIP agreed to partner with High Street Insurance Partners (HSIP), a Top 100 National Insurance Broker headquartered in Traverse City, Michigan.

Significance of Transaction

  • The acquisition of CWIP provides HSIP with a high-growth agency partner and expands wholesale operations for the firm.

  • The transaction will bolster CWIP’s already active organic and inorganic growth activities and provide CWIP with best-in-class resources and support.

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to CWIP and explored multiple options for the firm.

  • The transaction builds on Sica | Fletcher's track record of success as the #1 advisor in the insurance brokerage space.

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