High Street Acquires Millennium Alliance Group
Sica | Fletcher advises Millennium Alliance Group in its sale to High Street Insurance Partners.
Overview of Transaction
Established in 1998, Millennium Alliance Group, LLC (MAG) is a retail insurance agency headquartered in Melville, New York. With a focus on commercial lines products, MAG is one of the leading construction specialists in the New York metro area, and also boasts a significant block of food manufacturing business.
MAG agreed to partner with High Street Insurance Partners (HSIP), a top 100 National Insurance Broker headquartered in Traverse City, Michigan.
Significance of Transaction
The MAG acquisition expands High Street’s presence on the East Coast and further positions both companies for growth.
Sica | Fletcher's Role
Millennium Alliance Group engaged Sica | Fletcher to serve as its exclusive strategic and financial advisor.
Sica | Fletcher explored several strategic options for MAG, ultimately culminating in a partnership with HSIP.