Highstreet expands presence in Kentucky through RISE acquisition.

Highstreet Insurance Partners (Highstreet), a US-based community insurance brokerage and financial services firm, has recently acquired RISE Partners (RISE), a company located in Louisville, Kentucky. The details of the financial transaction have not been disclosed to the public. RISE Partners offers services to both business and individual clients locally as well as nationwide.

The founder and president of RISE, Mike Arnold, will continue to lead the company with support from Alyssa Rockwell, Southeast regional president and national segment leader of personal insurance at Highstreet. Scott Wick, the founder and CEO of Highstreet, expressed his excitement about the acquisition and the firm's expansion into the state. He praised Mike Arnold for building RISE Partners on a foundation of strong relationships, a value that aligns with Highstreet's philosophy of putting clients first.

Arnold also emphasized the shared values and beliefs between RISE Partners and Highstreet Insurance Partners. He mentioned that integrity and service have always been central to RISE Partners and that joining Highstreet is a natural progression for the company. Highstreet Insurance Partners, established in mid-2018, has successfully completed 170 transactions, with the RISE acquisition being the sixth transaction in 2024.

In addition, the brokerage recently partnered with Hoaster Gebhard & Co, a property and casualty business insurance specialist based in Lebanon, to expand their presence in Pennsylvania. Wick commented on the partnership with Hoaster Gebhard, stating that their community-based culture and expertise in risk management align well with Highstreet's values and goals for expansion in the Northeast region. Overall, the acquisition of RISE Partners and the partnership with Hoaster Gebhard are strategic moves for Highstreet Insurance Partners as they continue to grow and expand their presence in the insurance industry.