The deals just keep on coming for Global Risk Partners (GRP).
Having already wrapped up deals for the likes of Camberford Law and Country & Commercial Insurance Brokers this year, the firm has now moved for Chesterfield-based DCJ Group Insurance and Risk Management for an undisclosed sum. The deal has already picked up regulatory approval.
Speaking about the majority shareholding, Mike Bruce, GRP’s CEO of broking, noted that GRP is becoming a broker of choice in relation to its acquisition programme.
“This latest transaction comes hard on the heels of the acquisition of Guardian Insurance Brokers by The County Group,” he said. “Quality remains the cornerstone of GRP’s drive to become the largest independently owned insurance business in the UK regional space.”
Bruce described DCJ, which writes 80% commercial lines and 20% personal lines as a “high quality business with an impressive founder and CEO in David Jones, ably supported by MD Chris Breeze.”
“We have been talking to David and Chris for several months, and the more we saw of the business the more we liked it,” he said. “DCJ’s client focus results in superb retention and it has a strong track record of organic growth. David and Chris will continue to run the business day to day. We welcome them and their staff to the GRP Group.”
For his part, David Jones noted that the firm has its own ambitions for growth.
“We want to grow the business, but while our organic growth is excellent, we were becoming frustrated in our efforts to grow by acquisition,” he said. “We are now looking forward to accelerating our acquisition strategy alongside continued organic growth.
“GRP’s focus is on acquiring quality businesses, and they are experts at opening brokers’ doors. I anticipate that GRP will provide us with the contacts and resources to enable us to expand much more quickly than we could have achieved on our own.”
