Broadstreet Partners

What Broadstreet Partners does

BroadStreet Partners, Inc. is a private insurance brokerage holding company headquartered in Columbus, Ohio, founded in 2001. Rather than acquiring agencies outright, BroadStreet operates a distinctive co-ownership model in which it takes minority equity stakes in select, high-performing independent insurance agencies across the United States. Partner founders retain majority ownership, operational autonomy, branding, and community legacy, while BroadStreet provides acquisition capital, due-diligence and legal support, and access to a network of 25+ dedicated industry vertical resource groups (Agribusiness, Architects & Engineers, Construction, Cyber, Healthcare, Marine, Private Equity, Surety, Transportation, etc.). The firm has supported more than 550 transactions and 450+ tuck-in acquisitions across its partner network.

The platform is anchored by long-term institutional capital: Ontario Teachers' Pension Plan holds a substantial co-controlling stake, joined by Ethos Capital, BCI, White Mountains Insurance Group, and T. Rowe Price Investment Management following a July 2025 strategic investment. A Credit Suisse-arranged credit facility funds the co-ownership and tuck-in acquisitions. BroadStreet's direct revenue streams include equity participation in partner agencies, M&A advisory and integration fees, and capital appreciation on its minority stakes, while end-insureds transact through the network of partner agencies whose combined revenue exceeds $2 billion.

The company has scaled to 9,200+ professionals across its partner network (including 800+ agency professionals with ownership stakes), entered AM Best's Top 20 Global Insurance Brokers ranking at positions 16–20 on 2024 revenue, and has been the #1 or top-3 most-active acquirer in US insurance distribution M&A in 2024 (90 deals), 2025 (69 deals), and Q1 2026 (16 deals). BroadStreet's largest disclosed acquisition to date was the $1.1 billion majority stake in Canadian brokerage Westland Insurance in 2023. Leadership includes Founder & Executive Chairman Rick Miley, CEO Mike O'Connor (former Aon co-President, joined 2022, CEO since 2023), CFO Matt House (joined 2024, also ex-Aon), and Board Chair John Brennan (former Vanguard CEO, appointed 2026). The underlying technology stack is modest — a WordPress-based corporate website with an authenticated partner/investor portal — with no documented public APIs, SDKs, or AI/ML capabilities; agency-level technology is held by individual partner agencies rather than centralized at the holding company.

Name

Broadstreet Partners

Legal name

BroadStreet Partners, Inc.

Website

https://broadstreetcorp.com

Company type

Private

Founded year

2001

Headcount range

501–1,000 employees

Short description

BroadStreet Partners is a private Columbus, Ohio-based insurance brokerage holding company that invests via a minority co-ownership model in select high-performing independent US insurance agencies, providing acquisition capital and 25+ vertical resource groups while founders retain majority control. Backed by Ontario Teachers' Pension Plan with recent strategic investment from Ethos Capital, BCI, White Mountains, and T. Rowe Price, BroadStreet supports a network of 800+ agency-owner professionals and 9,200+ colleagues across 25+ industry specialties.

Ownership category

akta.pro rank

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance brokerage commissions and fees: Standard insurance brokerage revenue stream: commissions paid by insurance carriers on premiums placed by BroadStreet and its partner agencies, plus advisory and service fees. Represents the core operational revenue generated by 800+ agency professionals and 9,200+ colleagues across the network.
2. Co-ownership equity participation in partner agencies: BroadStreet takes a minority equity (co-ownership) stake in partner agencies rather than acquiring them outright. Revenue is generated indirectly through the appreciation and ongoing performance of these equity stakes, funded by a credit facility arranged by Credit Suisse. Capital is then reinvested into tuck-in acquisitions (450+ completed) and growth support for partner agencies.
3. Acquisition and tuck-in transaction support fees: BroadStreet provides acquisition support, M&A advisory, and integration services to partner agencies pursuing tuck-in acquisitions; the firm has supported 550+ transactions across its partner network, generating fee-based and consulting revenue.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels6 records

Core offering

BroadStreet Partners is an insurance brokerage holding company that invests in select, high-performing independent insurance agencies through a minority equity co-ownership model, supplying growth capital, M&A advisory, due diligence, and legal support while letting founders retain majority control and operational autonomy. On top of this core platform, BroadStreet operates 24 specialty practice/resource groups (Agribusiness, Construction, Cyber, Employee Benefits, Healthcare, Transportation, etc.) that give partner agencies vertical-specific underwriting and risk advisory expertise. Together the co-ownership structure and specialty resource groups are the products and services offered to entrepreneurial independent insurance agency owners across the United States.

Product overview

BroadStreet Partners is a single-platform insurance brokerage holding company headquartered in Columbus, Ohio, organized around a proprietary co-ownership model rather than a modular software product suite. Its core platform—the BroadStreet Co-Ownership Partnership Model—involves investing in select, high-performing independent insurance agencies, providing acquisition capital, due-diligence, legal and scale support, and access to a network of resource groups. On top of this core platform, BroadStreet organizes its offering into 24 specialty practice/resource groups (Agribusiness; Architects & Engineers; Captives; Coastal Property; Commodity Solutions; Construction; Cyber Liability / Data Privacy; Employee Benefits; Energy; Environmental Services; Food Processing; Franchise Services; Healthcare Practice / Med Mal; High Net Worth; Hospitality; Jewelers; Manufacturing; Marine; Private Equity; Public Entity / Social Services; Real Estate; Retail Stores; Surety; Transportation) which function as embedded specialty service lines that partner agencies can access to compete in vertical-specific insurance markets. Together, the co-ownership holding structure plus these resource groups comprise BroadStreet's full product/service portfolio, supported by a leadership team (Founder/Executive Chairman Rick Miley, CEO Mike O'Connor, CFO Matt House) and a strategic investor base including Ontario Teachers' Pension Plan, Ethos Capital, BCI, White Mountains Insurance Group and T. Rowe Price Investment Management.

Differentiator

Problem solved

Functional benefit

Products and services

• BroadStreet Co-Ownership Partnership Model BroadStreet's flagship offering that takes a minority equity stake in select, high-performing independent insurance agencies, allowing founders to retain majority ownership, branding, and operational autonomy while gaining access to growth capital, due diligence, legal support, and BroadStreet's scale (550+ tuck-in acquisitions supported).
• Agribusiness Insurance Solutions Specialty resource group providing customized insurance and alternative risk solutions for farmers, ranchers, produce handlers, processors and commercial agribusinesses, including loss-sensitive structures and Food Certification designation training.
• Architects & Engineers Insurance Solutions Practice group for Architects, Engineers and Environmental Consultants offering training and loss-prevention education that helps clients earn meaningful premium credits; members of PLAN, the Professional Liability Agents Network.
• Captives Insurance Solutions Risk management professionals develop captive solutions for both property/casualty and employee benefits, giving business owners greater control of insurance costs and capturing economies of scale.
• Coastal Property Insurance Solutions Provides partner agencies access to an MGA focused on hard-to-place risks with a Coastal Property specialty; offers commercial property programs plus personal lines including HO3, DP, Flood, Excess Flood, Personal Articles and Builders Risk.
• Construction & Surety Insurance Solutions Surety professionals with experience across projects from municipal renovations to major interstates to NASA launch facilities, offering contract bonds, credit-based bonding, and financial-based bonding.
• Cyber Liability / Data Privacy Insurance Solutions Deep cyber liability and data privacy expertise offering clients competitive carrier access, self-service and live consultative resources for exposure assessment and protection.
• Employee Benefits Insurance Solutions Advises companies from small businesses to large multi-nationals on a broad suite of medical insurance and ancillary products, program design, regulatory compliance, strategic benefit planning and HR support resources.
• Energy Insurance Solutions Provides coverages for energy and energy-related industries including Chemical Distributors & Manufacturers, Fuel Distribution & Transport, Oil & Gas, Property, and Renewable Energy through long-term carrier relationships.
• Environmental Services Insurance Solutions Helps clients identify environmental liability exposures (bodily injury, property damage, cleanup, defense, fines/penalties, bio-terrorism, business interruption) and offers combined GL/Environmental, Pollution Legal Liability, Environmental Lenders and other specialized programs.
• Franchise Services Insurance Program Franchise Insurance Program that has earned preferred-vendor status with national franchise systems; offers customized recommendations, Key Employee Health & Life, Buy-Sell Agreement funding products, and lender/landlord coordination.
• Healthcare Practice / Med Mal Insurance Solutions Consultative team combining insurance services with educational and risk control programs for physicians, medical groups, home health care, hospitals, allied facilities, community health centers and other healthcare organizations.
• High Net Worth Insurance Solutions Comprehensive insurance for affluent individuals and families covering Luxury Homeowners, Excess and Primary Flood, Exotic and Antique Automobiles, Private Collections, Yacht and Marine, Equine, Private Aviation, Kidnap/Ransom/Extortion, and more.
• Hospitality Insurance Solutions Coverage for hospitality exposures including Cyber Liability, Liquor Liability, Employee Dishonesty, Forgery and Alteration, Emergency Event Management, Valuable Papers/Records and many more specialty lines.
• Jewelers Insurance Solutions Niche expertise in Jewelers insurance with strong relationship to the leading carrier in the market and consistent top-performing independent agency partner rankings.
• Manufacturing Insurance Solutions Insurance solutions for a broad range of manufacturers (paper, plastics, metals, food processors, industrial equipment, wood, textile, etc.), covering equipment breakdown, distributor/supplier issues, facility, cyber security and employee safety exposures, plus Claims and Risk Control services.
• Marine Insurance Solutions Specialty coverages for blue water, brown water, hull, P&I, inland marine, terrorism and cyber risks, with long-standing relationships with major domestic and international marine insurers and select London Brokers.
• Private Equity Insurance Solutions Helps financial sponsors manage risk for their portfolio investments through due diligence coverage gap analysis, ongoing risk management oversight and standardized risk analysis at sponsor and portfolio-company levels.
• Public Entity / Social Services Insurance Solutions Market niche serving Social Services organizations including drug and alcohol rehab facilities, children's social services, child educational programs and parenting skills outreach programs.
• Real Estate Insurance Solutions Umbrella insurance program providing up to $200 million in limits to protect real estate portfolios, leveraging a risk purchasing group for combined buying power and competitive pricing.
• Retail Stores Insurance Solutions Customized insurance for clothing stores, grocery stores, supermarkets, food stores and other retail businesses, leveraging a national risk purchasing group for competitive pricing.
• Surety Bonding Solutions Nationwide surety solutions for the construction and development industry, including contract bonds, credit-based bonding and financial-based bonding, with team of former surety underwriters.
• Transportation / Trucking Insurance Solutions Commercial truck insurance leadership in the Southeast with markets from reputable truck insurance carriers and local offices in Alabama, Georgia, Florida, South Carolina, North Carolina and Tennessee.

Segments13 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• PLAN (Professional Liability Agents Network)coreStrategic or Co-development PartnerBroadStreet is a member of PLAN, a national network of independent insurance agents specializing in professional liability lines. Membership provides BroadStreet's partner agencies access to specialized professional liability markets, education, and peer collaboration.
• International Franchise Association (IFA) — Supplier ForumcoreGTM or Marketing PartnerBroadStreet participates in the IFA Supplier Forum, providing its Franchise Services arm direct access to national and regional franchise systems for distributing specialty insurance programs and risk purchasing group solutions.
• Associated General Contractors (AGC), Building Industry Association (BIA), Construction Financial Management Association (CFMA)minorGTM or Marketing PartnerBroadStreet's partner agencies maintain membership in construction industry associations (AGC, BIA, CFMA) to access construction-industry relationships and to support specialty placement for construction clients.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Acrisure: PE-backed (Abu Dhabi Investment Authority) insurance brokerage aggregator that pursues a fast-paced roll-up of independent agencies — directly comparable to BroadStreet's growth-by-acquisition thesis and US middle-market focus.
• Hub International: PE-backed (Hellman & Friedman, Bain Capital) insurance brokerage platform built through acquisition of independent agencies across North America — the closest direct comp to BroadStreet's co-ownership-driven roll-up model.
• AssuredPartners: PE-backed (GTCR, Goldman Sachs) insurance brokerage aggregator that acquires independent agencies and invests in their growth — directly comparable in target customer, M&A motion, and US middle-market focus.
• USI Insurance Services: PE-backed (KKR, CD&R) large US insurance brokerage built largely through acquisition, with comparable specialty-practice and middle-market positioning to BroadStreet's co-ownership model.
• Alliant Insurance Services: Private US insurance brokerage that has grown through acquisition and organic build-out of specialty practices — a comparable mid-market brokerage platform serving similar customer segments.
• Lockton Companies: Largest privately held independent insurance brokerage in the US, with a similar entrepreneurial culture and specialty-practice structure to BroadStreet's resource-group model.

Broad incumbents

• Arthur J. Gallagher & Co. Large public global insurance brokerage and risk management firm that acquires independent agencies at scale — a broad incumbent competitor that overlaps with BroadStreet in middle-market and specialty segments.
• Marsh McLennan: World's largest insurance broker (Marsh) and consulting group (Oliver Wyman, Mercer) — a broad incumbent that competes for the same specialty and middle-market placement work that BroadStreet's partner agencies deliver.
• Aon: Global professional services firm focused on risk, insurance, and reinsurance brokerage — a broad incumbent that overlaps with BroadStreet in commercial P&C, employee benefits, and specialty risk advisory.

Emerging players

• Brown & Riding Insurance Services: Specialty insurance brokerage focused on wholesale and excess-and-surplus lines — a comparably sized specialty platform that overlaps with BroadStreet's niche resource-group verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Broadstreet Partners