Chase Templeton buys again

LANCASHIRE private medical insurance provider Chase Templeton has continued its spree of bolt-on acquisitions with the purchase of specialist Glasgow intermediary Chartered Life.
 
Founded in 2009 by managing director Alan Christie, Chartered Life is a private health insurance broker with an annual premium income of £2.4m. 

Specialising in PMI, critical illness and income protection it operates nationally but has a strong client base in Scotland.  The deal follows last week’s acquisition of Ealing-based broker SJS Healthcare.

Chase Templeton’s chief executive Warren Dickson said: “Under Alan’s stewardship Chartered Life has become one of Scotland’s most successful PMI intermediaries. It’s a dynamic business and brings a strong and stable book to Chase Templeton. We are also delighted Alan will be supporting us as a self-employed consultant.”

The company, which is backed by Manchester’s Palatine Private Equity, has acquired 20 businesses and books since January 2013. It has annual sales of £12m and 60 staff at its Darwen headquarters and offices in Bridgwater, Somerset.
 
Chase Templeton was advised by Shoosmiths’ Manchester office.