GRP-owned Premier Healthcare makes third buy

Amba C&W is part of the Amba People Group, a technology business that says it provides clients with an eco-friendly, ethical employee benefits platform.

PCH is acquiring the assets of the broking division, based in Bristol, which distributes employee benefits, including healthcare insurance, group life and group income protection to corporate clients.

Stephen Hough, MD at PCH said the deal was the third for PCH since the business was acquired by GRP in June 2020.

Since then, PCH has added Equity Health Solutions and the portfolio of SJA International to its roster.

He commented: “Since day one GRP has encouraged our twin growth strategy of organic and inorganic business growth.

“Our brief at PCH has been to mirror GRP’s acquisition strategy in UK retail commercial broking, at the same time delivering organic growth for our healthcare proposition through GRP’s retail broking portfolio.”

Deals

He added: “We remain keen on making further acquisitions where broking businesses fit our deal criteria and are on the look-out for vendors seeking to crystallise value from their life’s work, or who want to be part of a fast growth, entrepreneurial business.

“This is an excellent opportunity to buy the assets of a high-quality business.”

Hough said Amba C&W staff will continue to be based in Bristol and will transfer to PCH. Team leader Paul Dunsford will continue to manage the business and will become a divisional head within PCH, reporting to Darren Perkins, PCH sales director.

Tobin Murphy-Coles, CEO of Amba People Group, said: “PCH is the right home for our people at Amba C&W, and I’m confident Stephen Hough and his team will be excellent custodians for the business. Amba C&W has a bright future under PCH and the wider GRP umbrella.”

Murphy-Coles said the structure of the deal means that there is no break in service for Amba C&W clients. The team is the same. The location is the same. Clients will also now benefit from PCH’s scale.

He added: “The deal allows Amba People Group to focus solely on the development and distribution of its Lumina platforms. With that in mind, I am also delighted that PCH has agreed to become a key distribution partner of Lumina.”

The deal does not require regulatory approval, and the consideration is undisclosed.

For all the latest industry news direct to your inbox, sign up for our daily newsletter.