MRIB Group acquires Independents

New phase described as “hugely exciting”

MRIB Group acquires Independents

Insurance News

By Terry Gangcuangco

Berkshire-based Independents has been snapped up by fellow Chartered Insurance Broker MRIB Group.

The acquired firm, which is now in its 20th year of trading, specialises in insurance for the UK health and fitness sector. The insurance partner of the International Association of Trampoline Parks UK, Independents will remain at its Winnersh base and will not change its contact information. 

Founder Frank Adebowale, who described this phase for the business as “hugely exciting,” will serve as non-executive director within the new organisation while Neil Adebowale will be joining the operational board of MRIB Group. The latter will also continue as a director of Independents.

“The decision to sell the business has not been taken lightly and we conducted a lengthy and extensive search looking for an opportunity like this,” said Independents in its announcement.

“MRIB Group exceeded our hopes for a firm we can combine with and continue the tradition we have for great customer service, professionalism, and an environment our clients and team members want to be a part of.”

Based in High Wycombe, Buckinghamshire, MRIB Group offers corporate insurance and private client insurance, as well as wealth management.

“I am incredibly excited to bring Independents into the MRIB Group team,” commented MRIB Group managing director Edward Finch. “We are looking forward to developing our offering and strengthening our position as an insurance broker of choice.”

Terms of the transaction were not disclosed.

 

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!