Overview of Transaction

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• 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

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• 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.

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Sica | Fletcher's Role

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• 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.