Aston Lark buys Plester Group

Aston Lark has bought Kidderminster-based Plester Group for an undisclosed sum.

The Plester Group, which was established in 1964 and has a team of 19, operates within both commercial and personal lines insurance.

According to its website, the broker’s specialisms include construction, haulage, motor trade, waste and recycling, high net worth, professional sports, unoccupied property and family fleet.  

Culture
Peter Blanc, Aston Lark group chief executive officer, said: “We’re delighted to welcome Justin and his team to Aston Lark, further strengthening our presence in the Midlands.

“From my early discussions with Justin, it was clear that there is an excellent cultural fit between our businesses, and I have great confidence that Aston Lark will prove to be a great home for all of the Plester team and their clients.”

Justin Griffiths, managing director of Plester Group, added: “We are very excited to be joining the Aston Lark Group as we believe their ethos of providing excellent customer service mirrors our own.

“Our specialist offerings, which include contracting and motor trade, are aligned and we believe that, with the additional resources of the Aston Lark Group, there will be great benefit to our existing clients and huge potential for continued growth, whilst still maintaining the personal service on which we have built the business to this point.”

Results
Aston Lark recently published its financial results for the full year 2020, revealing an increase in turnover to £62.0m as well as Ebitda and revenue growth.

The consolidator also noted that it now places circa £900m in gross written premium.

The deal follows its purchases of golf specialist Linkscover and wholesale specialists ES Risks last month.

Aston Lark has also been buying in Ireland, where its most recent deal was for motorcycle broker Principal Insurance.  

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