National brokerage firm Bluefin continues its streak of acquisitions with the purchase of partner broker Osbornes Insurance Oxford.
The company said Osbornes is a significant local commercial broking office and that its acquisition will help expand Bluefin’s presence in the Oxford area.
“They are a very important commercial broker in the Oxford region and we’re delighted we have strengthened our association with them,” said Bluefin CEO Robert Organ.
Osbornes, Bluefin’s partner broker for nine years, will now complete the transition into the wider Bluefin group.
All members of the Osbornes staff have been retained and will be headed by branch director Bill Fletcher, the previous owner of the Thame-based broker.
“I am really pleased we have completed the deal to join Bluefin. We have worked closely with them as a Network member,” Fletcher said.
“We’re all really looking forward to working from the inside and continuing to service our clients in the best possible way,” he added.
The Osbornes deal Bluefin’s fifth acquisition since January and its ninth since mid-2015. In May, Organ told Insurance Business
that he is in talks with “20 or so brokers” regarding an acquisition, “a good six of which are at advanced stages of the process.”
Organ said acquisitions are part of Bluefin’s plan through 2020 and that one purchase a month is “a great pace to run at.”
“We continue to work steadfastly to grow Bluefin through the acquisition of quality broking businesses,” Organ said in a recent statement.
Bluefin retains ‘exceptional’ rating for client service
Bluefin Underwriting continues to add staff
“One acquisition a month is a great pace,” says Bluefin CEO