Birmingham insurance agency snapped up in deal

JM Glendinning Insurance Brokers has acquired Birmingham-based Madoc & Rhodes, to bolster the group’s portfolio.

Established in 1967, Madoc & Rhodes specialises in vehicle, home, and property insurance and is led by MD Paul McGrory and a team of seven insurance brokers.

The company will maintain operations from its Lea Village office whilst working with JM Glendinning’s Birmingham branch. It’s the latest addition to the group’s portfolio of twelve businesses, operating across the UK.

Initially established by the Glendinning family in 1972, Leeds-headquartered JM Glendinning has grown to be listed as one of the Top 30 insurance brokers in the UK.

Paul McGrory owner of Madoc & Rhodes said: “We’ve experienced significant growth over the last 12 months and by joining the JMG Group, we are now stronger than ever. We are a friendly and proudly traditional team that thrives on delivering outstanding customer service. Every client is important to us and we have a fantastic retention rate. We have fifty clients who have been with us for over 50 years, I think that makes us unique.”

Jake Fox, group managing director at JM Glendinning said: “This is a great opportunity for JM Glendinning and will unlock many opportunities as we build upon the existing well-known brand and quality service that’s already associated with Madoc & Rhodes. As a long-standing firm in Birmingham, we believe Madoc & Rhodes will complement our established team in Birmingham, led by Chris Hitch, and add breadth to our existing base in the city and beyond. Paul’s strong, principled leadership will no doubt help continue driving growth in the business.”

Madoc & Rhodes was advised by Worcester-based The Company Solicitor and MDP Accountants.