M&A Deal Summary

ABRY Partners Acquires High Street Insurance Partners

On April 16, 2021, private equity firm ABRY Partners acquired insurance company High Street Insurance Partners from Huron Capital

Acquisition Highlights
  • This is ABRY Partners’ 9th transaction in the Insurance sector.
  • This is ABRY Partners’ 130th transaction in the United States.
  • This is ABRY Partners’ 3rd transaction in Michigan.

M&A Deal Summary

Date 2021-04-16
Target High Street Insurance Partners
Sector Insurance
Buyer(s) ABRY Partners
Sellers(s) Huron Capital
Deal Type Secondary Buyout
Advisor(s) Honigman (Legal)

Target

High Street Insurance Partners

Traverse City, Michigan, United States
High Street Insurance Partners is focused on the insurance agency sector, providing commercial property & casualty insurance, employee benefits services, and personal lines to a wide range of industries. High Street Insurance Partners was founded in 2018 and is based in Traverse City, Michigan.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 150 of 171
Sector (Insurance) 9 of 10
Type (Secondary Buyout) 35 of 41
State (Michigan) 3 of 3
Country (United States) 130 of 145
Year (2021) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Pole Star

London, United Kingdom

Pole Star is a provider of cloud-based compliance software solutions to the maritime, financial and government sectors. Pole Star is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-21 Confie

Huntington Beach, California, United States

Confie is a national insurance distribution company primarily focused on personal lines and small commercial insurance. Confie was formed in 2008 and is based in Huntington Beach, California.

Sell -

Seller(S) 1

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 30 of 35
Sector (Insurance) 1 of 1
Type (Secondary Buyout) 11 of 15
State (Michigan) 3 of 3
Country (United States) 27 of 32
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Sunland Asphalt & Construction

Phoenix, Arizona, United States

Sunland Asphalt & Construction is an asphalt producer and paving solution provider. Sunland Asphalt & Construction was founded in 1979 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-27 Valentus Specialty Chemicals

New Brunswick, New Jersey, United States

Valentus Specialty Chemicals, Inc. is a holding company focused on partnering with businesses with superior coatings technologies that can be applied in a broad range of niche end markets. Valentus Specialty Chemicals was founded in 2014 and is based in New Brunswick, New Jersey.

Sell -