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High Street Acquires Maritime
Sica | Fletcher advises Maritime Insurance International, LLC and MIINC, LLC (“Maritime”) in their sale to High Street Insurance Partners (“High Street”).

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Overview of Transaction

  • Founded in 2007 by Nick McGinty, Maritime is is a retail and wholesale agency that specializes in providing marine/watercraft coverages to businesses and individuals.

  • Maritime 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 Maritime provides High Street with a watercraft/marina specialist, which will allow them to expand within the vertical. Additionally, Maritime’s presence on the East coast will enhance High Street’s geographic footprint in the area.

  • The transaction will provide Maritime with robust corporate resources that will rapidly bolster growth and enhance operations.

Sica | Fletcher's Role 

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Maritime and explored multiple options for the firm before partnering with High Street.

  • The transaction builds on Sica | Fletcher's track record of success with complex transactions and key relationships with the most prolific acquirers in the space.

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