High Street Insurance Partners Acquires New York’s Badge Agency
Huron Capital Partners LLC, a lower middle-market private equity platform, has announced that its full-service insurance brokerage platform, High Street Insurance Partners (HSIP), has acquired Badge Agency Inc.
Founded in 1968, Woodbury, New York-based Badge Agency is a full-service, multi-line insurance agency. Badge writes business, automobile, homeowners, life and health insurance with an expertise in providing coverage for private schools, manufacturing, technology and real estate clients.
Following the transaction, Badge President Michael Ventura will remain active in the business and will now report to Jim Kerin, agency president of HSIP-backed Millennium Alliance Group in Melville, New York.
HSIP, an ExecFactor platform formed in August 2018 to build a full-service insurance brokerage business, has now completed 19 acquisitions since its formation and continues to pursue add-on acquisitions in the insurance agency market.
Source: Huron Capital Partners LLC