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Sica | Fletcher advises Hanasab Insurance Services, Inc. (HIS) in its sale to High Street Insurance Partners (High Street)

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Overview of Transaction

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  • Founded in 2007, with roots dating back to 1993, HIS is a full-service retail P&C agency headquartered in Los Angeles, California.

  • HIS delivers a wide spectrum of products and services to individuals and businesses. The agency specializes in serving Real Estate Development firms, as well as catering to High-Net-Worth individuals and families.

  • HIS agreed to partner with High Street Insurance Partners (HSIP), one of the fastest growing insurance agencies in North America and a Top 100 National Insurance Broker headquartered in Traverse City, Michigan.

Significance of Transaction

  • The acquisition provides High Street to expand its footprint into the California and Nevada markets and be even better positioned to address the diverse insurance needs of clients nationally, as well as leverage the strong real estate capabilities the team has built.

  • The acquisition provides HIS an opportunity to be part of a team where they can leverage each other's strengths and better serve their community. High Street’s resources and expertise will allow for immediate, rapid expansion, both locally and nationally.

 

Sica | Fletcher's Role

  • Sica | Fletcher served as exclusive strategic and financial advisor to HIS.

  • This transaction highlights the strength of Sica | Fletcher’s relationships with leading agencies and top-tier investors. 

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