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.

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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.

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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.