GRP-owned County Group buys PG Insurance

GRP’s North West hub, County Group, has acquired the business and assets of PG Insurance, a Cardiff-based community broker, for an undisclosed sum.

Alastair Christopherson, county chief executive officer, explained that PG Insurance will continue to trade under its existing brand.

Christopherson said: “It’s great to begin 2022 with an acquisition and PG Insurance is an excellent and well-run local business that will boost our presence in South Wales, which is an important growth area for the Group.”

“On behalf of County Group and GRP I extend a very warm welcome to Graham Tatham and his PG Insurance team, who will play a key role in supporting our ambitious plans for extending our footprint in South Wales.”

Graham Tatham , PG Insurance founder, added: “We couldn’t be happier to become part of County Group, Alastair and his team quickly understood our business and offered their full support for our future plans.”

“We look forward to becoming part of a bigger operation in South Wales; all our people are staying on under new ownership and we are confident that we will make the most of the opportunities emerging in our sector post-pandemic.”

Deals

The PG Insurance buy is the consolidator’s fifth deal of the year.

In February, GRP-owned Premier Healthcare snapped up Amba Care and Wellbeing, and the consolidator also bought a majority stake in Hamilton Fraser.

In January, GRP kicked off the year with Alan & Thomas acquiring BIG Insurance.

Later in the month, the broker’s Yorkshire hub, Marshall Wooldridge, bought family-owned Goldthorpe.

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