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Highstreet Insurance Partners Acquires The Assets Of Oregon-Based - Stratton Agency

Mar 08, 2023over 2 years ago

Acquiring Company

Winder Insurance Center

Acquired Company

- Stratton Agency

Description

The Northwest Region of Highstreet Insurance Partners (HSIP) announced today the acquisition of Pendleton, Oregon-based - Stratton Agency (Stratton). Stratton is a full-service insurance agency with offices in Pendleton, Hermiston, La Grande and The Dalles. Todd Tennant, President, and the Stratton Executive team including Mike Stratton will continue to lead the business and will now report to Jacob Neighbors, Agency President of Hermiston, Oregon-based Simmons Insurance Group, a Highstreet Insurance Partner. "Stratton Insurance have long been pillars of our communities and we are excited to welcome the entire team and their clients to Highstreet," said Neighbors.

Company Information

Company

Winder Insurance Center

Location

West Grandview Parkway

About

Winder Insurance Center is a leading player in the Georgia insurance market. Their team focuses on serving clients personal and business insurance needs with additional expertise in commercial real estate, professional, and contractor risks. Winder's expertise and ability to provide holistic coverage to their clients will help support Highstreet's strategy in the Georgia market and the entire Southeast Region.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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