High Street Insurance Partners Acquires
The Simmons Agency, Inc.
Sica | Fletcher advises Simmons in its sale to High Street Insurance Partners.
Overview of Transaction
Simmons is a full-service independent insurance agency and agency network located in Hermiston, OR.
Founded in 1974, Simmons and its partner agencies write all forms of insurance including personal lines, commercial lines, and life & health coverages.
Simmons 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 Simmons provides High Street with a strong agency partner network capitalizing on Simmons’ over 20 locations and 25,000 customers, and further expands High Street’s presence in the Pacific Northwest.
Sica | Fletcher's Role
Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Simmons and explored multiple options for the firm before Simmons decided to partner with High Street.
The Simmons transaction highlights Sica | Fletcher's track record of success and unparalleled access to the most prolific acquirers in the space.