High Street Insurance Partners Acquires The Elite Group, LLC
Sica | Fletcher advises The Elite Group, LLC in its sale to High Street Insurance Partners.

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Overview of Transaction

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  • Established in 2001, Elite is an employee benefits consultant and property & casualty insurance brokerage located in Malvern, PA.

  • Elite is a single source solution partnering with companies to provide Employee Benefits Consulting, Human Resources Consulting, Benefits Administration, Payroll, Property & Casualty and Voluntary Benefits all under one roof.

  • Elite 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 Elite provides High Street with an exceptional team of employee benefits consultants who bring significant expertise. High Street’s broad client base will provide Elite with significant cross-selling opportunities.

 

Sica | Fletcher's Role

  • Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to Elite and explored multiple options for the firm before partnering with High Street.

  • The Elite transaction builds on Sica | Fletcher's track record of success partnering its clients with the most prolific acquirers in the space.

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