Meadons Insurance Brokers Limited is now owned by Global Risk Partners (GRP) firm The County Group.
For an undisclosed amount, County snapped up the Shropshire-based broker after years of ‘admiration’. Meadons, whose offerings include a specialist scheme for UK cricket clubs, brings more than six decades of personal and commercial lines experience to the group.
Commenting on the acquisition, GRP group managing director Mike Bruce noted: “The County Group continues to go from strength to strength, building their portfolio of businesses as our North West hub. I extend a warm welcome to the Meadons team and look forward to the business thriving under new ownership.”
For Meadons director Chris Bate, joining the GRP firm was an opportunity they weren’t ready to pass up on.
“Picking the right home for the future development of our business was a key consideration for us and we have watched how The County Group has developed its model by acquiring great community local brokers,” said Bate. “With the power of GRP behind them, they really do have a compelling proposition – one we found was too good to turn down.”
Meanwhile chief executive Dave Clapp, who founded County in 2003, described Meadons as an excellent business and stated: “We have known both of the vendors for well over 10 years now and admired their business from afar for some time.”
According to County managing director Alastair Christopherson, the latest swoop was among several others in the pipeline. Earlier this year Swinford Insurance Consultants became part of the group.
“We expect to break the £100 million gross written premium barrier very soon,” declared Christopherson.