In our 26th completed acquisition, Partners& have acquired Monaco Insurance Services, based in Edgbaston and led by Amrik Chote and Kay Gill.
Monaco is a solid, £6M GWP commercial broker whose partnership with Partners& is set to take them to new and greater heights.
In our 25th completed acquisition, JM Glendinning have purchased the business of Sandhouse Ltd, owned by Mark Weedon. The book comprises mainly Property Owners clients, which will add to JM Glendinning’s already strong portfolio in this area.
In our 24th completed acquisition, NFP Europe have purchased our vendor, Advanced Insurance Consultants Limited (AIC), a highly successful Hertfordshire based broker, transacting mainly commercial business worth around £6 million GWP. This transaction provides a further UK foothold for NFP Europe and maintains the offices and staff at AIC.
In our 23rd acquisition, Jensten Group have purchased our vendor, White Rose Insurance Solutions, transacting commercial and personal lines business from offices in Yorkshire and Humberside. This is a further acquisition in the region for Jensten Group. Andy Gould, White Rose’s MD, says “Throughout the process, the Jensten team has focused on our people, our culture, and our clients.”
In our 22nd completed acquisition, we have sold Nexgen Insurance Solutions Ltd to Partners&.
Established just 5 years ago by Billy Coles and David Gauntlett, still only in their early 30s, Nexgen, a Kent based specialist construction broker, has grown from zero income to more than £7 million GWP.
Partners& have stated that this acquisition is an important milestone for their growth in the South East.
In our 21st completed acquisition, we have sold a minority of Mayfair Insurance & Mortgage Consultants Limited to The Broker Investment Group (TBIG).
Bedford based Mayfair, a commercial and personal lines broker, led by Guy Moliterno, is another acquisition for the Peter Cullum backed TBIG.
In our 20th completed acquisition, we have sold Thompson and Co (Risk Solutions) Limited to GRP (Global Risk Partners).
Solihull based Thompson, trading since 1987 and headed by Paul Thompson, adds a further £10+ million GWP in commercial business to GRP’s growing portfolio.
In our 19th completed acquisition, Needham Insurance Services have completed on the purchase of P J Insurance Brokers, led by Peter and Jackie Robinson, a £2+ million GWP commercial and personal lines broker with two offices in Surrey/Hampshire. This is a further acquisition for Neal Lowe of Needhams and an addition to their extended network of community brokers.
In our 18th completed acquisition, JM Glendinning have completed on the purchase of New Era Insurance Services, a Stoke based fleet broker, run by Nathan Pedley and Ella Burgess.
In our 17th completed acquisition, JM Glendinning have completed on the purchase of the Durham based personal and commercial lines broker, Premier Choice Insurance Services Ltd (Premier Insurance). The deal adds a further £5.5M GWP to JM Glendinning’s portfolio and provides an increased presence in the North East.
In our 16th completed acquisition, One Broker have completed on the purchase of the general insurance book of the Surrey based broker, Mason and Ball Services.
In our 15th completed acquisition, Marshall Wooldridge, a GRP broker, have acquired the Huddersfield, West Yorkshire based broker, Insure First Ltd, trading as Bush & Associates, described by Marshall Wooldridge as a “high class” commercial and personal lines broker and a “great fit”. This is a 6th acquisition for Marshall Wooldridge.
In our 14th acquisition, Partners& have acquired Wiltshire based Direct Healthline, which has a strong reputation in the corporate benefits marketplace.
Direct Healthline offers consultancy across the full spectrum of health, protection and wellbeing benefits to clients in the UK and internationally.
The acquisition brings Partners& in excess of £5M in PMI premiums.
In our 13th acquisition, Partners& have acquired a book of Corporate Employee Benefits business from the Kent based Advo Group.
The acquisition further enhances Partners&’s rapidly growing Employee Benefits division.
Advo Group and Partners& will continue to work collaboratively.
UKGlobal Leeds Ltd has successfully completed the acquisition of the community commercial and personal lines broker, Linton Greenwood Insurance Brokers, based in Keighley, West Yorkshire, for an undisclosed sum. Linton Greenwood has been established for over 35 years and has earned a great reputation for offering solid service to their loyal customer base.
Aston Lark has bought Leighton Buzzard-based broker Absolute Products for an undisclosed sum.
Absolute Products was established in 2002 and provides service to private clients as well as a range of commercial products for businesses.
We sold the Tunbridge Wells based non standard motor broker, BG Insurance, to iRevolution Group in a deal which bolsters iRevolution’s motor offering by a further £11 million GWP.
Wales headquartered Thomas Carroll has now acquired the Welsh community broker, Delwyn Griffiths, who bring across a mix of commercial and personal business.
Health Matters is a substantial PMI/Employee benefits broker based in Coventry, acquired through our introduction by Partners&, who are creating the next generation insurance advisory business with numerous acquisitions completed recently.
Phil Barton of Partners& and Simon Hurley-Smith have both expressed their delight at the transaction which will build upon Partners&’s already established and thriving Employee Benefits division.
Through our introduction, JM Glendinning acquires Bickley Insurance Services, Surrey, a £6.5M GWP commercial broker, in a deal which provides private equity backed Glendinning with a foothold and a hub in the South East.
Willis IRM, the £40M GWP Belfast based broker with a UK presence, acquires our vendor client, Playle Russell Special Risks, a leading thatch insurance broker.
We secured for Partners&, led by Phil Barton, the acquisition of Nottinghamshire based IFM Insurance Brokers (Midlands), trading as IFM Select, a move which supports Partners&’s strategy to build its presence across the Midlands
In a pivotal deal which will bring over 30,000 new policyholders and over £50M of annual GWP, we secured the sale of Right To Health Ltd and The Health Insurance Specialists to Aston Lark. The two brokers are amongst the largest PMI brokers and account for around 5% of the sector
Following our introduction, Partners& purchases the Bolton based commercial lines, professional indemnity and private clients broker, Ives & Taylor, in a move which provides Partners& with a hub in the North of England.
In our final deal of 2020, we sold the 1967 established Frank Brierley Insurances of Rochdale to the Bollington Wilson Group. With a strong presence in the local area, Frank Brierley will benefit from the significant resources of its new acquirer.