Law firm advises Stourbridge insurance firm on acquisition by US giant

The corporate team at Thursfields Solicitors advised Stourbridge insurance advisor and risk broker Gravity Risk Services during its acquisition by a New York financial service business.

NFP is the world’s seventh largest, privately-owned broker, and employs more than 7,400 staff globally. Financial terms of the deal were not disclosed.

Philip Chapman, a director in Thursfields’ corporate department, led the deal supported by Reece De-Vaney and the commercial real estate and employment teams.

Chapman said: “NFP will integrate Gravity’s risk services into its existing commercial insurance offerings, employee benefits and human resources services.

“All of Gravity’s team members and key executive will become part of the NFP team, including founder and director Dale Collett.

“The deal gives Gravity’s existing clients access to NFP’s wide range of services, globally.”

Collett added: “’We are delighted to join NFP and will continue to provide our advice-led approach to business. This will give our existing clients access to NFP’s wide range of services, provide us with a great opportunity to grow in capacity, and introduce our employees to expanded career prospects within a larger, global organization.”