Tropolis Announces the Acquisition of the Somerset Group to Expand Healthcare Insurance Solutions Across New Markets
ANN ARBOR, Mich. – April 24, 2025 – Tropolis, a technology-enabled insurance brokerage building a fully integrated independent agency platform, is excited to announce a new partnership with The Somerset Group, a leading provider of insurance and risk solutions for healthcare professionals across Michigan.
Headquartered in Rochester, Michigan, The Somerset Group is widely recognized for its expertise in medical malpractice and professional liability coverage. The agency has built deep relationships with physicians, clinics, and medical practices throughout the state. The partnership with Tropolis will allow Somerset to expand its geographic reach, bring enhanced resources to its clients, and position the business for continued growth.
The announcement reflects Tropolis’s mission of Insuring Tomorrow Together – a commitment to long-term partnership, innovation, and community-based insurance solutions that put people first. Tropolis is backed by Unity Partners, a private equity firm committed to building people-centered businesses guided by strong principles and focused on long-term success.
As part of the partnership, Ken Finlay, President of The Somerset Group and Tropolis Partner, will continue to lead the Somerset team, and the agency’s entire staff will remain in place – ensuring continuity for clients and preserving the trusted relationships Somerset has built over the years.
“We are thrilled to welcome The Somerset Group to Tropolis,” said Jeff Mason, CEO of Tropolis. “Ken and his team have built an exceptional agency rooted in service, trust, and deep expertise in the healthcare space. This partnership allows us to bring even more resources to Somerset’s clients and team – enhancing the customer experience, supporting long-term employee growth and satisfaction, and expanding Somerset’s reach to serve healthcare professionals in new markets. It’s a meaningful step forward in our mission to build the future of independent insurance.”
Somerset will transition to the Tropolis brand over time while maintaining its strong client focus and community presence. The agency will also benefit from Tropolis’s centralized technology infrastructure, expanded carrier access, and the Tropolis Purpose Plan—an employee ownership program designed to recognize and reward high-performing teams.
“This partnership is the right move for our clients, our staff, and the future of our business,” said Finlay. “By joining Tropolis, we’re bringing more tools and resources to our healthcare clients while remaining true to our service-driven roots. I’m excited to continue leading our team into this next chapter.”
The partnership continues Tropolis’s strategic growth across the Midwest and reinforces its commitment to customer-centered, technology-enabled, and community-focused insurance solutions.
About Tropolis
Tropolis is a technology-enabled insurance brokerage building a fully integrated independent agency platform across the country. Headquartered in Ann Arbor, Michigan, Tropolis partners with high-performing local agencies to expand reach, invest in talent, and modernize operations—while preserving the entrepreneurial culture and customer-first approach that makes independent agencies successful. Through its mission of Insuring Tomorrow Together, Tropolis combines technology, talent, and shared ownership to shape the future of insurance distribution. For more information, visit www.tropolis.com.
About The Somerset Group
The Somerset Group is a Michigan-based independent insurance agency specializing in medical malpractice and professional liability coverage for healthcare professionals. With a reputation for trust, service, and deep industry expertise, Somerset serves physicians, clinics, and medical groups with tailored risk solutions and personalized service. The agency is headquartered in Rochester, Michigan. For more information, visit www.thesomersetgrp.com.
About Unity Partners
Unity Partners is a principles-based private equity firm that partners with investors and operators to Build Better Together, measured by the economic surplus created and shared with all stakeholders. Unity's principles provide a foundation to build great people-based services and technology organizations that impact thousands of lives. Unity deploys a Partner & Propel strategy to identify opportunities to Partner with ambitious leaders to accelerate growth, unlock the benefits of platform scale through mergers and acquisitions, and Propel value acceleration through investments in people, processes, and operational levers. For more information, visit www.unitypartnerslp.com.
Contacts:
Tropolis Olivia Burrows – olivia.burrows@tropolis.com
Unity Partners Trevor Blaisdell – tblaisdell@stantonprm.com