Investor acquires Leeds insurance broker

A YEADON-BASED insurance broker has been acquired by specialist investor Global Risk Partners.

Marshall Wooldridge, which covers everything from sports to finance and personal insurance, has been bought by the GRP, which is taking a majority equity stake in the business.

The deal provides Marshall Wooldridge with access to “significant” financial resources, network and expertise to accelerate its expansion.

Established in 1973, Marshall Wooldridge has offices in Leeds and Rotherham, and a deals with £20m in premiums.

Managing director James Hall and the management team at Marshall Wooldridge will continue to lead the business following the completion of the transaction.

Mr Hall said: “The investment from GRP provides an excellent platform to fast track our growth agenda and will benefit our clients, staff and insurer partners.”

The corporate finance team at KPMG in Leeds has advised independent Yorkshire-based insurance broker Marshall Wooldridge on its acquisition

KPMG’s Christian Mayo was supported by Stewart Cape and Mick Morris, as well as Lester Wilson and Louise Parker from DWF’s corporate team in Leeds.

Mr Mayo said: “We are seeing a real uptick in M&A activity across the insurance sector with strong demand for high quality regional brokers such as Marshall Wooldridge. There is no doubt that having the backing of a leading industry player in the form of GRP will signal a major transformation for the company.”

 

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