Highstreet lands in Kentucky with RISE acquisition

Highstreet Insurance coverage Companions (Highstreet), a community-based insurance coverage brokerage and monetary companies agency within the US, has acquired RISE Companions (RISE), though monetary particulars of the transaction haven’t been revealed.

RISE, situated in Louisville, Kentucky, offers companies to enterprise and particular person purchasers each regionally and nationwide. Mike Arnold, founder and president of RISE, will proceed his management function, supported by Alyssa Rockwell, Southeast regional president and nationwide phase chief of non-public insurance coverage at Highstreet.

Scott Wick, founder and CEO of Highstreet, expressed his endorsement of the acquisition and the agency’s entry into the state.

“Mike constructed RISE Companions on a basis of relationships. Relationships are what we search for at Highstreet and we imagine his staff will proceed to outperform the competitors whereas nonetheless placing purchasers first. We couldn’t be happier to welcome RISE Companions into the Highstreet household,” Wick mentioned.

In the meantime, Arnold additionally highlighted the alignment of values between the 2 firms as RISE turns into a part of Highstreet Insurance coverage Companions.

“Integrity and repair have all the time been a cornerstone of RISE Companions. We selected the title, ‘RISE’ as an acronym for ‘Redefining Insurance coverage by Service and Experience’ and Highstreet Insurance coverage Companions embodies our philosophy,” Arnold mentioned.

Since its inception in mid-2018, Highstreet has accomplished 170 transactions, with RISE being the sixth transaction in 2024.

Final month, the brokerage additionally introduced its partnership with Lebanon-based Hoaster Gebhard & Co – which makes a speciality of property & casualty enterprise insurance coverage – to develop in Pennsylvania.

“Hoaster Gebhard’s community-based tradition matches the mould of what we search for in our companion companies, and their experience in crafting danger administration methods for companies throughout Pennsylvania and past make them a superb addition to our Northeast area,” Wick mentioned of the deal.

What are your ideas on this story? Please be happy to share your feedback under.