High Street Acquires Southeastern Agency Group
Sica | Fletcher advises Southeastern Agency Group, Inc. (“SAG”) in its sale to
High Street Insurance Partners (“High Street”).
Overview of Transaction
Initially founded as the Merrimon Insurance Agency in 1902, SAG is a full-service retail insurance agency headquartered in Greensboro, NC.
SAG has expertise providing coverages for over one hundred specific industries. The Company has established a number of specialty programs which offer coverages for a wide variety of risk classes.
SAG 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 SAG provides High Street with an exceptionally robust full-service platform that has an extensive history, exceptional reputation, and substantial local brand equity.
The acquisition will allow SAG team to hit the ground running and further expand its local platform. High Street’s resources and expertise will also allow for immediate, rapid expansion.
Sica | Fletcher's Role
Sica | Fletcher served as exclusive strategic and financial advisor to SAG.
This transaction highlights the strength of Sica | Fletcher’s relationships with its clients and with top-tier investors.