Insurance brokerage High Street Insurance Partners (HSIP) has acquired First Security Insurance (FSI).
Founded in 1919, FSI is headquartered in Hickory, N.C., with additional offices in Boone and Claremont. FSI is HSIP’s first North Carolina acquisition. Charles Connor IV, president of FSI, and CEO Karl Sherrill will continue to lead the firm. Sherrill will also assume the role of principal and agency operations leader for HSIP. He will report to Scott Goodreau, managing partner and COO at HSIP.
Founded in 2018, Michigan-based HSIP provides a broad array of business insurance and risk management, employee benefits and human capital management, financial and retirement services, and personal insurance products.
The company employs more than 600 people and has offices in Michigan, Colorado, Connecticut, Florida, Iowa, Maryland, Missouri, New Jersey, New York, North Carolina, Oregon, Pennsylvania and Virginia.
Earlier this year, HSIP was acquired by Boston-based private equity firm Abry Partners.