Thought Leadership

The Choices We Make Control the Uncertainty We Face

Rick Miley   |   Article date: November 2, 2020
Article excerpt

We have a lot to consider in this election season.  Across the country, we are voting on a number of local, state and national issues.  Naturally, over the last few months, I have had several conversations about what this year’s…

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Success Measured over Decades, not Investment Holding Periods

Rick Miley   |   Article date: September 18, 2020
Article excerpt At BroadStreet℠ we are focused on long-term value creation for our Core agency partners. It is important to emphasize the distinction, “for our Core agency partners”, because the marketplace is crowded with large-scale consolidators focused on creating short-term value for…
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BroadStreet Partners Remains open to Support Its Partners During the Coronavirus Uncertainty

Jeff Racz   |   Article date: March 23, 2020
Article excerpt As risk management professionals, BroadStreet Partners remains open to serve its business partners. Our federal, state and local government leaders have implemented many measures to reduce social interactions to slow the spread of the coronavirus.  Ohio has ordered non-essential business…
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Differentiation (Still) Matters

Rick Miley   |   Article date: November 26, 2019
Article excerpt For the last several years, as the consolidation wave has washed over the insurance brokerage industry, the staggering number of deals and rising valuation multiples have been the headline grabbers. Recently though, we’ve noticed a change in the tenor of…
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BroadStreet Partner Smith Brothers Featured at the Yale School of Management: Business Succession

Rick Miley   |   Article date: November 8, 2019
Article excerpt Our partner in Connecticut, Smith Brothers, was recently featured as the subject of a case study at the Yale School of Management. Joe Smith, CEO of Smith Brothers in Glastonbury, Connecticut has built a reputation as a forward-thinking entrepreneur, and…
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There’s No Image Problem in the Insurance Industry According to our Interns

Ken Kirk   |   Article date: August 30, 2019
Article excerpt At BroadStreet℠ we’re building a long-term sustainable business and we make a point of investing in people in order to develop the next generation of agency leaders. This summer, more than 20 interns spent time at our Core partner agencies. …
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Shepherd Insurance Discusses Decision to Partner with BroadStreet

Rick Miley   |   Article date: July 10, 2019
Article excerpt Recently one of our Core partners sat down with MarshBerry CEO, John Wepler for a Q&A session to discuss perpetuation. The executive team at Shepherd Insurance, headquartered in Carmel, Indiana describes their rationale for choosing BroadStreet℠ as a partner.  They…
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It’s not an “Either / Or” Decision: Our Co-Owners Participate in the Upside of Agency Growth

Rick Miley   |   Article date: June 10, 2019
Article excerpt BroadStreet's℠ unique co-ownership model continues to attract entrepreneurial and growth-minded agency owners who are looking for a partner to accelerate their growth. In the current environment, agency owners are regularly considering offers to sell their business and consolidate with another…
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BroadStreet Partners’ CEO Rick Miley Will Be a Panelist at Reagan’s Ownership Summit

Jeff Racz   |   Article date: April 26, 2019
Article excerpt BroadStreet Partners’ CEO Rick Miley has been invited to participate as a panelist at Reagan Consulting’s upcoming Agency Ownership Summit in Atlanta on May 6. Rick will discuss BroadStreet’s unique co-ownership model, which serves to create a firm foundation for…
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Core Partners Using the Model to Accelerate Growth Through Fully Integrated Tuck-Ins

David Ross   |   Article date: April 2, 2019
Article excerpt At BroadStreet℠, we work alongside our Core partners as they execute their tuck-in acquisition strategies by providing them with financial, sourcing and legal support. The reason that we label them “tuck-in” investments is because our partners fully integrate, and quite…
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