Steadfast brokerage acquires Brisbane business

Steadfast brokerage acquires Brisbane business | Insurance Business

Steadfast brokerage acquires Brisbane business

PSC Insurance has acquired Queensland brokerage Gordon Wilson & Associates, maintaining the business’s “strategic momentum” of becoming one of the largest privately owned broking groups in Australia.

Gordon Wilson will now adopt the trading name of PSC Gordon Wilson.

PSC Insurance Group CEO Gary Seymour said in a statement the move further strengthened its presence in Queensland and complemented its existing operation on the Gold Coast.

"For well over 30 years the team at Gordon Wilson has built a significant portfolio of commercial/SME clients across Queensland,” he said. “We look forward to working closely with the team in both Brisbane and Townsville to build on their successful track record. It will be business as usual for the team and clients at PSC Gordon Wilson."

The investment in PSC Gordon Wilson is said to maintain its strategic momentum of PSC as one of the largest privately owned insurance broking groups in the country and a part of the recently ASX listed Steadfast.

"The entire process with PSC has been collaborative and we are excited to be joining such a dynamic group,” Stewart Wilson MD of Gordon Wilson & Associates added. “We have been through a thorough due diligence process with prospective suitors and had no doubt that PSC was the best match for our business moving forward.”

“We look forward to the additional resources and capabilities that joining PSC and Steadfast will offer to our clients and staff.”