DCJ makes first deal as part of GRP stable

Global Risk Partners’ (GRP) Chesterfield brokerage, DCJ Group Insurance & Risk Management (DCJ), has bought Lincoln-headquartered commercial insurance broker J E Sills & Sons.

Sills was founded in 1928 and is one of the oldest brokers in the East Midlands. It focuses on a range of commercial insurance lines including business insurance, property owners, fleet, business motor, manufacturers, office, retail and wholesalers.  

Following the deal, Sills will become part of the DCJ Group, which was itself bought by GRP in 2018.

Expansion
DCJ founder David Jones commented: “It’s great that such a well-established name in the East Midlands is going to be part of DCJ.

“Sills has been part of the insurance landscape for nearly 100 years in this part of the world, so we are excited by the prospect of their excellent business becoming a key part of our expansion plans.”

He continued: “This is the first acquisition we’ve made since becoming part of GRP, and it will make a big and positive difference to our footprint in our geographic area.”

According to Jones, all Sills employees including managing director David Lee will remain with the business under new ownership.

Confidence
Lee said: “I look forward to working with David Jones and the DCJ team to take Sills onto the next level.

“It is a big decision after over 90 years of independence to join a larger group, but with DCJ and the support of GRP, it enables us to be much more confident about growth in what is still a very uncertain market.” 

He continued: “The Sills brand and our office will remain very much part of the East Midlands business community, but we will be able to offer clients a much broader spread of products and services and maintain our local touch.”

DCJ confirmed that the deal has been approved by the Financial Conduct Authority. The consideration is undisclosed.

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