Global Risk Partners (GRP) – the group that snapped up Marsh’s UK Networks business earlier this year and turned it into what is now known as Hedron Network – has acquired a minority stake in Hedron member All Medical Professionals Ltd (All Med Pro) for an undisclosed sum.
“We said at the time of the Hedron deal that we were keen to talk to network members who wanted to secure minority investment in their businesses, and it’s great to announce the first such deal with All Med Pro,” noted Stephen Ross, group head of mergers and acquisitions (M&A) at GRP.
“We offer M&A facilities to network members wishing to sell up or attract minority investment. Our highly experienced acquisitions team is keen to provide these services to brokers looking to create value from their life’s work, and we would like to talk to more network members who are thinking through their options.”
Founded by Adam O’Keeffe and Tom Chaston in 2011, All Med Pro is manned by 13 people specialising not only in dental, vet, and life science products but also commercial and personal lines. The Swindon-based broker will remain a Hedron member.
“We are a fast-growing niche broker with ambitious growth plans,” commented O’Keeffe. “Ten years after launching All Med Pro, we’re very proud of what we have achieved, and, looking ahead, there is great opportunity to become one of the leading niche brokers in the UK.
“With GRP providing significant new investment, we expect to supercharge our growth while retaining full control, which is vitally important as that means no impact on the day-to-day running of the business.”
The co-founder and director added that GRP’s swoop for Hedron came at “the perfect time,” as he and Chaston had been mulling over how best to fund further investment in All Med Pro.
Ross went on to say: “Adam and Tom are highly motivated broking entrepreneurs with a strong niche proposition and excellent relationships with insurers. We are really excited to be able to invest in their business and look forward to watching it continue to grow under their leadership.”