Buyer of family-owned insurance broker says deal will accelerate its growth
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Marshall Wooldridge, the Yorkshire hub for Global Risk Partners (GRP), has acquired the business and assets of Rotherham-based Goldthorpe Insurance Brokers (Goldthorpe) for an undisclosed sum.
Geoff Kirk, Marshall Wooldridge’s managing director, said: “Goldthorpe is a good fit for us; it is a family-owned and managed business with a strong local presence, writing commercial and personal lines business.
“We will retain the Goldthorpe brand and office, and I’m confident that with the added support from Marshall Wooldridge and our parent GRP, the team will have the opportunity to accelerate their growth in Rotherham and the rest of South Yorkshire.”
Steven Garlick, who founded Goldthorpe over 30 years ago, said: “Marshall Wooldridge is a big Yorkshire broker, but Geoff and the team understand the value of community presence, as well as the strength of our being a family business.
“It was clear during our discussions that Marshall Wooldridge are the best possible custodians of Goldthorpe, enabling us to continue to play to our local strengths, but providing the additional product, service and regulatory support we need to offer our existing and future clients high quality insurance.”
Garlick’s wife, Julia, together with son and daughter, David and Helen, work in the business and all the team will remain under the new ownership.
Kirk added he remains keen to talk to brokerage owners looking to take value from their life’s work.
“We have a variety of options available to suit vendors as they look to crystallise value, and I’m confident we’ll be able to announce further deals during this year” he added.