Higos Insurance Services has announced its first deal following its acquisition by Global Risk Partners (GRP), the specialist investment vehicle for brokers and MGAs.
The snapped up firm has agreed to acquire Courtenay Insurance Services, a broker based in Bude, Cornwall. The deal sees Higos expand its footprint into the English county for the first time after establishing over 20 branches throughout Somerset, Dorset, Wiltshire, South Gloucestershire, Devon and Hampshire.
“Expanding into Cornwall has been a long-term ambition for Higos and we intend to continue to grow quickly, both organically and through acquisition, as we build a thriving hub in the South West, benefiting from GRP’s resources and firepower,” Gosden said.
GRP has announced that its acquisition of Higos has been completed after it was first revealed in February. Mike Bruce, the broking CEO of the investment vehicle, said that Higos is a “significant, high quality addition” to the business and “a key step forward in realising GRP’s UK retail hub strategy.”
“Our acquisition of Higos is a growth story,” Bruce said, “and today’s news underscores our intention to help Ian Gosden build Higos’ reputation as the pre-eminent broker in the South West, with an acquisition strategy that enables owners to run their business but also create value from their life’s work.”
Bruce also revealed that the Courtenay acquisition is the first of several local deals that will be completed in the coming months.
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