BroadStreet Partners is an insurance brokerage holding company based in Columbus, Ohio, that invests in entrepreneurial, high-performing independent insurance agencies across the United States and Canada. Founded in 2001 by Rick Miley, the firm operates through a co-ownership model that lets Core Agency Partners retain operational control while gaining access to capital, acquisition support, and a network of industry expertise. The company ranks among the top private brokerages in North America.
Website: broadstreetcorp.com
Head office address: 580 North 4th Street, Suite 560, Columbus, Ohio 43215
Founded: 2001
Founder: Rick Miley
Company type: privately held insurance brokerage holding company
Investors: Ontario Teachers’ Pension Plan (co-control); Ethos Capital, BCI, and White Mountains Insurance Group (ownership stake, 2025)
Business focus: co-ownership investment in independent insurance agencies; middle-market commercial and personal P&C and employee benefits
Regions served: all 50 US states and all 10 Canadian provinces
Rick Miley founded BroadStreet Partners in 2001 with a vision to build a different kind of insurance brokerage — one that partnered with agency owners rather than simply acquiring them. The co-ownership model he developed gives Core Agency Partners an equity stake in their own businesses while the firm provides the capital and infrastructure to support growth and succession. Key milestones include:
Over more than two decades, the firm has grown from a regional Ohio-based operation into a national platform. Its Core Agency Partners have completed more than 450 tuck-in acquisitions, and the company has recorded a 28 percent compound annual revenue growth rate since founding.
The company invests in select independent agencies rather than absorbing them into a single brand. Each Core Agency Partner retains its name, its leadership team, and day-to-day operational control. In return, the partner gains equity participation, capital for acquisitions, and access to BroadStreet’s network of resources. Core capabilities the firm provides to its partners include:
The firm focuses on middle-market commercial property and casualty insurance, personal lines, and employee benefits. As of 2025, BroadStreet operates with 30 Core Agency Partners across more than 300 offices, with 800-plus agency professionals holding equity in their local businesses.
The firm competes in the insurance brokerage consolidation market, where a growing number of platforms are acquiring independent agencies. Its co-ownership model sets it apart from traditional acquirers: partners keep their agency identity and benefit financially from the growth they generate.
The company led all US brokerage buyers in acquisition activity through the third quarter of 2025, having completed 57 transactions — 44 percent above its five-year average. Combined revenue across its Core Agency Partners has reached $2 billion or more. The 2025 investment by Ethos Capital, BCI, and White Mountains Insurance Group, alongside Ontario Teachers’ continuing co-control stake, is expected to support BroadStreet’s next phase of technology investment and geographic expansion.
