Highstreet Insurance Partners finalizes partnership with Wingert Insurance Agency to expand expertise in employee benefits
Aug 19, 2024•over 1 year ago
Acquiring Company
Winder Insurance Center
Acquired Company
Wingert Insurance Agency
Description
Highstreet Insurance Partners, one of the fastest growing community-based insurance brokerages, announced its partnership with Wingert Insurance Agency. This strategic partnership aims to leverage the expertise of Wingert in employee benefits and community-based insurance to enhance Highstreet's service offerings and expand their market presence.
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