Chase Templeton keen to continue deals spree

LANCASHIRE  private health insurance specialist Chase Templeton is searching for more acquisitions, having already completed 10 deals this year.

So far the Blackburn company has added more than £15m in annual premium income through its acquisitions spree this year. The largest dea; added £5m in premium income, while at the smaller end, some of the bolt-on have added tens of thousands.

By the end of October – its year end- Chase Templeton’s acquisition team, led by executive chairman Kevin Amphlett and finance director Geoff Tate, is hoping to complete an 11th deal which will add a further £4m in premium income.

The acquisitions will put the company on course to break the £12m turnover barrier with premium income close to topping £100m.

Mr Amphlett said: “We’re far from being done. We’re still as keen as ever to talk to those wishing to explore the possibility of disposing of businesses or books, whatever their size.”

Chief executive Warren Dickson added: “This year has been the most successful ever for our acquisition strategy as we have concluded an impressive number and variety of deals.

“Our plan now is to further increase momentum using a significant acquisition fund to purchase both brokers and books. Many are currently looking to exit the market which is becoming ever more challenging as the cost of sourcing leads soars.”

Mr Dickson said that while the company has an active pipeline of potential acquisitions it is still looking for fresh opportunities in the individual and corporate private medical insurance sectors.

He said: “Despite already having established Chase Templeton as one of the UK’s leading private health insurance specialists our ambition remains just as strong, indeed stronger. We have become particularly adroit at integrating books and adding value to our business.

“Naturally we will continue to consolidate to and grow our existing client base but acquisition remains a cornerstone of our corporate plan. We’re interested in books of all sizes, be they owned by national brokers or sole traders.”

Founded in 2002 after the acquisition of Health Matters, Chase Templeton has since purchased over 20 brokers and businesses. It has an office in Somerset as well as Blackburn.