Highstreet Insurance Partners acquires RISE Partners to enhance service portfolio
Highstreet Insurance Partners (HSIP), one of the fastest-growing community-based insurance brokerages and financial service firms in the United States, announced its acquisition of RISE Partners. The transaction details remain undisclosed, underscoring the strategic nature of this merger which aims to strengthen HSIP’s presence in the insurance market.
Headquartered in Louisville, Kentucky, RISE Partners has been a significant player in providing personalized insurance solutions to business and individual clients across Kentucky and nationwide. Founder and President Mike Arnold will maintain his leadership role at RISE under the guidance of Highstreet’s Southeast Regional President and National Segment Leader of Personal Insurance, Alyssa Rockwell.
Scott Wick, Founder and CEO of Highstreet, highlighted the core values of relationship-building that RISE brings to the table, which align with Highstreet’s client-first approach. “Mike built RISE Partners on a foundation of relationships. Relationships are what we look for at Highstreet and we believe his team will continue to outperform the competition while still putting clients first,” Wick stated.
On the other side, Mike Arnold expressed alignment with Highstreet’s philosophies, particularly in service and integrity. “Integrity and service have always been a cornerstone of RISE Partners. We chose the name, ‘RISE,’ as an acronym for ‘Redefining Insurance through Service and Expertise,’ and Highstreet Insurance Partners embodies our philosophy,” Arnold commented.
Since its inception in mid-2018, Highstreet has aggressively expanded its market reach, now completing its 170th transaction with the acquisition of RISE, marking it as the sixth transaction in 2024. Based in Traverse City, Michigan, Highstreet Insurance Partners operates as a full-service independent agency, offering a wide range of business insurance, employee benefits, personal insurance, retirement services, and specialty risk solutions through its community-focused agencies.
The consolidation trend within the insurance sector is likely to persist, driven by the need to expand service portfolios and leverage synergistic benefits between merging entities. Highstreet’s acquisition of RISE is a testament to this trend, where scale meets service excellence, offering enhanced capabilities and a broader service spectrum to clients.