US-headquartered AssuredPartners continues to expand in the UK with its latest acquisition in Somerset.
Under the deal, financial terms of which were not disclosed, Taunton-based Atom Insurance Brokers became part of AssuredPartners-owned PSP Group. The acquired business specialises in commercial SME insurance and has been trading since 2002.
“I am delighted to have joined AssuredPartners and PSP Group,” Atom managing director Clive Thorne said in a release. “Their culture and values stood out from our early conversations when we were deciding on a new home for Atom.
“It was important for us to find a group who were focussed on investing in the South West of England which would allow us to continue our development and to support our growing client base across the region.”
The swoop comes hot on the heels of Romero Group’s sale to AssuredPartners earlier this week in Leeds.
AssuredPartners UK & Ireland chief executive David Heathfield commented: “We are very pleased to welcome Clive and the team to our rapidly expanding group in the South West.
“Since we acquired PSP Group last year, we have enjoyed great success in partnering with a number of market-leading brokers in the region, and we will continue to look at further opportunities to expand.”
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