Chase Templeton bolts-on London firm
LANCASHIRE private medical insurance provider Chase Templeton has continued its spree of bolt-on acquisitions with the purchase of a London-based firm.
Its latest deal is for Ealing-based SJS Healthcare Associates, which will add a further £2m in annual premium income.
It’s the second transaction in just four weeks and follows the acquisition of Warwickshire employee benefits and group risk specialist, Health Assist.
Founded in 2002 SJS Healthcare provides private healthcare, life cover, income protection and critical illness for businesses although it also offers advice to individuals.
Co-founder Helen Simons, who boasts 22 years specialist PMI experience, is to retain links to Chase Templeton post-acquisition by taking on an introducer role.
Chase Templeton chief executive Warren Dickson said: “SJS is an ideal fit. It holds a strong SME book which will bolster our fast-growing presence in the company PMI and business protection sector. I’m delighted to that Helen will be using her expertise and impressive experience to support Chase Templeton’s future organic growth in her role as an introducer.”
Helen Simons added: “This is an ideal outcome for me. Whilst exiting SJS and leaving my clients in good and capable hands I get to remain in an industry which I know inside out – and love.”
Mr Dickson said the company, which is backed by Manchester-based Palatine Private Equity, is still on the deal trail.
He said: “We’ve kicked off 2014 as we ended 2013, in full flow”. In addition to this deal we are set to confirm a number of new acquisitions before the month is out.”
Chase Templeton was advised on the acquisition by law firm Shoosmiths’ Manchester office.
