Highstreet Insurance Partners Successfully Acquires Specialty Agency Paragon Underwriters

Aug 24, 2022•almost 3 years ago

Acquiring Company

Winder Insurance Center

Acquired Company

Specialty Agency Paragon Underwriters

Description

Highstreet Insurance Partners ("Highstreet") announced today that it has acquired Michigan-based Paragon Underwriters.

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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