GRP announces completion of Higos acquisition. Higos announces first deal since GRP acquisition to acquire Courtenay Insurance Brokers
Global Risk Partners Ltd, the specialist investment vehicle for brokers and MGAs, is pleased to announce that the acquisition of Higos Insurance Services Ltd has been completed, following regulatory approval. This transaction was previously announced on 8 February 2017.
In a separate announcement, Higos has agreed to acquire Courtenay Insurance Services, a broker based in Bude, Cornwall. The acquisition sees Higos, which has over 20 branches throughout Somerset, Dorset, Wiltshire, South Gloucestershire, Devon and Hampshire, expand its footprint into Cornwall for the first time.
Ian Gosden, managing director of Higos, said: “I am delighted to welcome Steve Cowling, the owner of Courtenay, and his team, to Higos, where they will continue to run the business, and where they will be able to benefit from our support to further build their product and service offer for their personal and commercial clients.”
Gosden added: “Expanding into Cornwall has been a long-term ambition for Higos and we intend to continue to grow quickly, both organically and through acquisition, as we build a thriving hub in the South West, benefiting from GRP’s resources and firepower.”
Mike Bruce, CEO Broking at GRP, said: “Our acquisition of Higos is a growth story, and today’s news underscores our intention to help Ian Gosden build Higos’ reputation as the pre-eminent broker in the South West, with an acquisition strategy that enables owners to run their business but also create value from their life’s work.”
He added: “At the time, we said that Higos was a significant, high quality addition to our business and a key step forward in realising GRP’s UK retail hub strategy. The acquisition of Courtenay is the first of a number of local acquisitions which will complete during the coming months, and I warmly welcome Steve Cowling to our wider team.”
For further information please contact: Ben Welsh, Certus CC Ltd: 07568 382040