County Group make third deal of the year with Marsh and Co
County Group, which is part of GRP, has purchased broker Marsh and Co, and its MGA, Ginger Markets, for an undisclosed sum.
March & Co is based in Leicester and also has a branch office in Weston-super-Mare.
Rob Marsh and Alan Marsh started Marsh & Co in 1995 and the business has a book of commercial insurance including leisure and associated personal lines.
MGA Ginger Markets, which specialises in marquee and glamping insurance, was set up by Marsh & Co to provide an in-house facility for brokers.
Founder, Rob Marsh, said the business will continue to trade under the Marsh brand from both offices and “the whole team are looking forward to further growing the business with County and GRP.”
Future
County Group CEO, Alastair Christopherson, commented: “Rob and his team are community brokers par excellence, now seeking to introduce a step-change in business growth under the umbrella of County Group and GRP. These well-run brokerages are hugely valuable assets and it’s great news that they have chosen to put their future with County Group.”
Rob Marsh said: “When I first sat down to talk to Alastair about becoming part of County it became clear that they will prove excellent custodians for our business, our people and our clients.
“We are all very excited about the move across and the opportunities that await us as part of a larger family, and all our people are moving across to be part of the new arrangements.”
The acquisition of Marsh and Co completes with immediate effect and the consideration is undisclosed.
Previous acquisitions
This deal follows two recent acquisitions for County Group, PG Insurance, in March and Archenfield, in April. Both deals were Wales-based businesses.
Cardiff-based, PG Insurance, was purchased for an undisclosed sum. It also continues to trade under its existing brand.
Founded 25 years ago, Archenfield, has offices based in Cardiff bay and Monmouth. County Group bought 100% of its share capital.
Marsh & Co is the latest deal for a GRP-owned broker and follows US consolidator, Brown & Brown, buying the business for £1.48bn.
For all the latest industry news direct to your inbox, sign up for our daily newsletter.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk