Under its new owner The Ardonagh Group, private medical insurance (PMI) specialist Chase Templeton has finalised five acquisitions over a three-week period.
Part of Chase Templeton’s long-term “buy and build strategy,” the transactions were a mix of consultant, broker, and independent financial adviser books worth almost £6.3 million in annual premium income (API). The biggest deal was the acquisition of Feast Noble and Co’s PMI book, with API at around £2 million.
“We have a proven formula which we have finessed over the years in order to secure maximum value from acquisitions,” said Chase Templeton mergers & acquisitions director Jeff Tate (pictured).
He added: “Now, as part of a wider and exceptionally well-resourced group, we are perfectly placed to execute further and bigger deals.”
According to Tate, at least two more transactions are expected to be completed within the next six months. Since 2013 Chase Templeton has had more than 80 acquisitions, increasing API from £90 million to around £150 million.
The
Lancashire-headquartered broker employs over 120 people and serves more than 35,000 individual and business policyholders. Aside from Chase Templeton, also part of The Ardonagh Group are
Autonet, Price Forbes, Ryan Direct, and
Towergate.
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