Gallagher has today revealed its acquisition of FE Protect Limited (AT Squared Holdings Limited) for an undisclosed sum.
Liverpool-based FE Protect is an insurance broker specialising in the education sector with a particular focus on further education – with clients including further education colleges, independent schools and UK universities. The business, which also operates under the brands Education Protect and Education Protect Scotland, was founded in 2016 and has been privately owned since a management buyout in 2019.
Under the terms of the deal, FE Protect’s current directors, Andy Thomson and Alan Tune and their team will continue in their current roles. The business will become part of Gallagher’s public sector and education practice, led by regional MD Tim Devine.
Commenting on the acquisition, Tim Devine said: “FE Protect is a brilliant addition to our public sector and education practice and the business dovetails very well with our current education client base. Andrew and Alan have built a great team which really understands the challenges and risks faced by further education establishments so I am delighted to welcome them all to Gallagher. The bringing together of their team with our existing people gives us an enviable springboard for further growth.”
Tune also commented on the deal and said that becoming part of Gallagher is great news for FE Protect’s clients and people. He cited Gallagher’s reputation for providing clients with a high level of sector expertise, and added that the acquiring broker’s ethical approach matches how the FE Protect team like to do business.
“We are looking forward to joining forces,” he said. “The UK’s further education sector is already significant in size, and continues to grow, meaning there are many opportunities for us to help protect additional organisations in the sector from the evolving risk landscape that they face.”
What are your thoughts on this deal? Please feel free to share your comments below.
