The acquired has become the acquirer after it was revealed today that The County Group has taken a majority stake in Guardian Insurance Brokers.
County was snapped up itself back in January when the Crewe-based firm became part of Global Risk Partners. Now, however, it is on the acquisition hunt itself.
“I am absolutely delighted to announce we have acquired a majority shareholding in Guardian,” said County CEO Dave Clapp. “This is the first of many acquisitions planned under the banner of GRP Group, as we work towards achieving our plan to double our size over the next five years.
“Guardian handles £14 million in premium and, being based in Wigan, complements our current footprint perfectly.”
Guardian co-founders Adrian Mead and Steve Smith are set to continue to run the business with Smith commenting that he believes they have found the right partner for the “next stage in our journey.”
“Dave Clapp and his team share our aspirations and ethos, and now we have joined forces with one of the most driven and ambitious insurance businesses in the UK, we are all really excited about the future,” he said.
With the acquisition of Guardian, County handles over £80 million GWP, from 25 branches, predominantly in the Northwest.
