Fri, 07 Jul 2023 | BUSINESS SALE
Ardonagh Advisory, a group of SME broking and advisory businesses, has unveiled its latest acquisition with a deal for PB Curran, a family-run broker providing commercial, farming, landlords and private client insurance.
PB Curran, which was founded in 1961, has a team of close to 40 staff across offices in York, Middlesbrough and Ossett. Post-acquisition, the company will join Ethos Broking, strengthening its presence in Yorkshire alongside existing brokers Schofield, Lockyer and BSIS.
Richard Tuplin, who leads Ethos Broking and serves as CEO of Advisory Insurance Brokers Limited (AIBL), said: "PB Curran's long trading history, its diverse specialisms, and its access to a range of high-quality and competitive insurance products, will prove beneficial to our existing proposition, both within Ethos and the wider Ardonagh Advisory platform.”
Following completion, Tuplin will lead PB Curran alongside current director Edward Curran (son of founder Patrick Curran) and Ethos Broking regional managing director Alan Summer.
Edward Curren said that PB Curran’s decades of experience and longstanding relationships with clients meant that “it was incredibly important to make the right decision” regarding the firm's future. He added that: "The opportunity presented by Ethos was hugely compelling, and we know that we will be able to continue to the run the business in a way that completely aligns with our values."
Following the acquisition, Ardonagh Advisory’s Chief Commercial Officer Phil Bayles said that the company was “always on the look-out for great businesses that can bring something a little different or enhance our existing offer.”
Regarding the firm’s ongoing M&A plans, Bayles added: "A key factor for us is around finding those businesses that share our ambitions and ways of working so that we can continue to collaborate across Ethos and the wider Ardonagh Advisory platform. We're looking forward to welcoming even more businesses like PB Curran into the fold, so that together we can explore even greater opportunities for growth."
Read about the increase in professional services M&A.
This is a unique opportunity to acquire a long established recruitment agency operating throughout the UK.
This well run practice with two offices is situated in South Wales. The practice undertakes a variety of work – all privately paid.
Long established practice, priding itself as a trusted law firm since 1994 and services over 1,000 client a year.
27
|
Sep
|
Potential buyers sought as Dundee glazing firm enters administration | ADMINISTRATION
Logie Glazing and Building Services, a Dundee-based construc...
27
|
Sep
|
TalkTalk poised to sell £150m B2B division as part of demerger | BUSINESS SALE
As part of its planned demerger, telecoms giant TalkTalk is ...
27
|
Sep
|
Manufacturer expands materials handling division with acquisition | BUSINESS SALE
Wakefield-based machinery manufacturer Group Rhodes has acqu...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.