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