Highstreet Insurance Partners (Highstreet), a community-based insurance brokerage and financial services firm in the US, has acquired RISE Partners (RISE), although financial details of the transaction have not been revealed.
RISE, located in Louisville, Kentucky, provides services to business and individual clients both locally and nationwide. Mike Arnold, founder and president of RISE, will continue his leadership role, supported by Alyssa Rockwell, Southeast regional president and national segment leader of personal insurance at Highstreet.
Scott Wick, founder and CEO of Highstreet, expressed his endorsement of the acquisition and the firm’s entry into the state.
“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. We couldn’t be happier to welcome RISE Partners into the Highstreet family,” Wick said.
Meanwhile, Arnold also highlighted the alignment of values between the two companies as RISE becomes part of Highstreet Insurance Partners.
“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 said.
Since its inception in mid-2018, Highstreet has completed 170 transactions, with RISE being the sixth transaction in 2024.
Last month, the brokerage also announced its partnership with Lebanon-based Hoaster Gebhard & Co – which specializes in property & casualty business insurance – to expand in Pennsylvania.
“Hoaster Gebhard’s community-based culture fits the mold of what we look for in our partner agencies, and their expertise in crafting risk management strategies for businesses across Pennsylvania and beyond make them an excellent addition to our Northeast region,” Wick said of the deal.
What are your thoughts on this story? Please feel free to share your comments below.
