In August we told you about
Bennett Christmas acquiring Slade Edwards. The deal has since completed, thanks to the acquisition facility provided by Integritas.
British Insurance Brokers’ Association (BIBA) member Bennett Christmas has funded previous acquisitions through its own resources, but for the Slade Edwards purchase it tapped Integritas for support. Integritas provides an exclusive broker funding facility for BIBA members.
“This is a significant acquisition for us and we needed the help and support of professionals to help make this work,” said Bennett Christmas group finance and strategy director Roger Christmas. “Integritas approached several banks on our behalf and ultimately Clydesdale emerged as the perfect fit for the funds we were looking to raise.”
Christmas added: “Martin White managed the whole process from start to finish and we now look forward to building a close working relationship with our new bank. We have enjoyed working with the guys at Integritas and have appreciated their guidance and support throughout.”
White, Integritas director, commented: “We have been delighted to work with Roger, David [Christmas], and Mark [Bennett] and this acquisition really accelerates their growth plans and enhances their offering. Several banks were keen to tender for this deal, but Clydesdale’s flexible approach has been the key to winning this deal in a competitive market.”
Existing staff members of Horsham-based Slade Edwards have become part of Bennett Christmas as part of the expansion. In line with its five-year business plan, the Burgess Hill broker wants to grow its gross written premium.
Related stories:
Bennett Christmas acquires Southwater Insurance Services
Chase Templeton completes five acquisitions under new owner
