Global Risk Partners (GRP) - a Brown & Brown company – has today announced its acquisition of 100% of the share capital of Amicus Solutions Holdings Ltd (Amicus), a specialist commercial insurance broker. The deal has received regulatory approval and the consideration is undisclosed.
Headquartered in Surrey, Amicus was founded in 2010 and has since expanded rapidly, specialising in its target markets of construction, manufacturing, waste and recycling, and haulage. On completion of the acquisition, it will become part of GRP’s retail division.
As per the terms of the deal, managing director Adam Scott, fellow senior leaders Jamie Agutter and Andy Morrison, and the wider team will remain with the business. In addition, the office location and the Amicus brand will remain unchanged.
Commenting on GRP’s latest acquisition, its head of M&A Stephen Ross said: “Amicus has delivered exceptional growth thanks to Adam’s leadership and his highly entrepreneurial team. We are keen to support the team as it continues to grow its footprint in its target markets, where it has earned a great reputation for providing high quality insurance and risk management services to its growing customer base.”
Ross added that it’s great that the Amicus team have elected to become part of the GRP and Brown & Brown team, and he said he is confident that Amicus will see continued growth with its help and support.
Co-founder and MD of Amicus Scott also commented on the deal and said GRP is the “best custodian for our business, our excellent team and our customers.”
“Becoming part of Brown & Brown, the world’s sixth largest insurance brokerage, was a key consideration for us when we first sat down with Mike Bruce (GRP’s CEO) and Stephen [Ross] to discuss the future,” he said.
Scott pointed to GRP's “enviable track record” in helping companies like Amicus enhance their capabilities and provide new paths for success.
He said: “The team and I are all very excited about the next chapter in our history, as we build upon our platform with both GRP and Brown & Brown support.”
