Highstreet Insurance Partners has secured $550 million in new capital to support its continued growth through acquisitions and innovation.
The funding comes in the form of a delayed draw term loan led by Ares Capital. Initially marketed at $500 million, the facility was upsized to $550 million due to strong investor demand. The capital will enable Highstreet to accelerate its pace of acquisitions, invest in data-driven tools and specialty capabilities, and further integrate its national platform with local operations.
CEO Scott Wick said the additional funding supports the company's broader mission of strengthening communities through improved insurance services and access.
"Highstreet is committed to deepening the impact we make by building a differentiated insurance platform that brings excellence in data-driven insights, integration best practices, and access to specialty capabilities to our communities and agents," he said.
The firm has been among the fastest-growing agencies in the US, acquiring firms at a steady pace to expand its reach across hundreds of communities. The group emphasises maintaining local relationships while leveraging shared operational infrastructure to improve service and efficiency.
“This capital investment will help Highstreet further invest in those local and national capabilities to drive our vision forward,” Wick added. “The strength of our integrated operating model, coupled with the relationships of our local teams, enables us to better protect people, places, and our futures.”
Highstreet CFO Avery Zuck said the company remains focused on executing a disciplined growth plan.
“We appreciate the continued support of our financing partners and their willingness to invest in Highstreet’s vision. Highstreet is committed to managing our capital structure thoughtfully and executing on our strategic objectives, which allow us to integrate efficiently and acquire thoughtfully,” Zuck said.
