HSIP acquires California agency

Deal marks agency's sixth transaction in 2023

HSIP acquires California agency

Insurance News

By Ryan Smith

Highstreet Insurance Partners (HSIP) has announced that it has acquired California-based Milestone Risk Management. Terms of the transaction were not disclosed.

As part of the deal, Milestone will join HSIP’s West region and will report to Scott Goodreau, president.

“We are delighted to have the talented team at Milestone join us and help continue to grow our presence on the West Coast,” Goodreau said. “With the addition of Milestone, we continue to be even better positioned to address the diverse insurance needs of our clients.”

“We are excited to be partnering with one of the industry’s most innovative brokers,” said John Hoefer, agency president of Milestone. “Milestone’s local experience combined with Highstreet’s deep resources and platform means more choice and support for our clients.”

HSIP is one of the fastest-growing insurance agencies in North America. Since its formation in mid-2018, the company has completed 146 transactions. Milestone marks the company’s sixth transaction of 2023. It kicked the year off with the acquisition of Nebraska-based Barney Insurance Group in January.

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