Fri, 25 Mar 2022 | BUSINESS NEWS
London-based chartered managing general agent (MGA) Landmark Underwriting has announced that it will target acquisitions after securing funding from SME growth capital lender BOOST&Co. As well as bolstering the firm’s underwriting and leadership teams through M&A deals, the funding, an unspecified amount raised via debt financing, will also be invested in new offices and lines of business.
Landmark Underwriting began operating through its MGA after acquiring Greenwich Underwriting in 2018. Since then, the business has expanded through several acquisitions of diverse providers, offering a wide range of services and products in the Financial Lines space.
Based in London’s Leadenhall Market, the company’s expansion has seen it establish offices in Lyon, Toronto and, most recently, Hamilton, Bermuda. Moving forward, the group will use its new funding to target strategic acquisitions that enable it to diversify and grow its domestic and international offerings.
Commenting on the announcement, Landmark Underwriting Managing Director David Ratledge revealed that company founders Ross Lazaroo-Hood, Sitki Gelmen and David Robinson had been outlining the business’ growth plans for the past two years.
Ratledge continued: “Landmark will use the funding from BOOST&Co to move forward with further growth – in particular investing in new lines of business, new offices in the U.K. and further bolstering the underwriting and leadership teams through targeted business and people acquisitions.”
BOOST&Co’s Head of London and the East, Adam Brinn, said that the funding came at a “transformational” time for the business and added: “Our funding will be used to make several strategic acquisitions that allow the group to diversify their offering domestically and establish themselves in key International markets”.
Find businesses for sale here.
If you are looking for an exit, we can help!
An opportunity exists to purchase the business and assets of a general practice law firm operating in the South of England. The practice has a long established heritage and provides a range of legal services including Wills & Probate, Conveyancing, F...
Fantastic opportunity to acquire a progressive, virtual finance solutions business offering a variety of accountancy and financial advisory services to a diverse customer base with long standing relationships.
This is a well established B2B provider of sales and marketing strategy and services delivering improved processes and outcomes in marketing activity.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.