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Industry Veteran Joins High Street Insurance Partners Management Team
Traverse City, MI – May 5, 2020 – Insurance brokerage High Street Insurance Partners (“HSIP”) is pleased to announce the addition of Scott Goodreau as Managing Partner and COO.
Goodreau, who joined the company in April, brings nearly two decades of insurance executive leadership experience to HSIP. Most recently, Goodreau served as COO of Toronto-based SCM Insurance Services. Prior to that he was chief sales officer of Chicago-based Hub International. High Street, an ExecFactor® platform formed in August 2018 by Huron Capital, has completed 10 acquisitions since its formation.
“HSIP continues to grow quickly. It is really important that we continue to build and expand our management team as we execute our growth plan,” said HSIP Managing Partner and CEO Scott Wick. “Goodreau provides us with the right operational experience to help integrate all of our new agency partners and continue to provide the best customer service possible.”
Goodreau is responsible for all insurance operations, including insurance company relationships; information technology; and legal and compliance for High Street. Goodreau joins a management team led by Wick and Dave Tuit, Managing Partner and CFO. HSIP has offices throughout Michigan and Pennsylvania and has over 300 employees.
“I’m excited to join Scott, Dave and all the amazing partners at High Street,” Goodreau said. “I’ve been watching and following High Street for a while. This team continues to execute on their strategy and our future looks very bright.”
High Street, one of 16 Huron Capital ExecFactor® initiatives, was formed to pursue a buy-and-build strategy through add-on acquisitions in the insurance agency market.
About High Street Insurance Partners
Founded in 2018 and headquartered in Traverse City, MI, High Street Insurance Partners is a full-service insurance brokerage that provides a broad array of business insurance and risk management; employee benefits and human capital management; financial and retirement services; and personal insurance solutions. With offices throughout close-knit communities in Michigan and Pennsylvania, High Street Insurance Partners employs over 300 insurance specialists. Additional information can be found at www.HighStreetPartners.com.
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Celebrating its twentieth anniversary in 2019, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 190 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit: www.huroncapital.com.
Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.
