Highstreet Insurance Partners Acquires The Assets Of Oregon-Based - Stratton Agency
Mar 08, 2023•over 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.
M&A Insights
Based on deal dataIntegration 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