Ardonagh Advisory scores hat trick of M&A deals

Today's addition is its third in a week

Ardonagh Advisory scores hat trick of M&A deals

Mergers & Acquisitions

By Mia Wallace

Ardonagh Advisory has today announced its purchase of AMS Insurance Solutions, making it the third acquisition in a week for the broking giant.

Established in 2008 and based in Nailsea, AMS Insurance Solutions will bolster Ardonagh’s presence in the South West of England. The regional broker is a provider of commercial and personal lines insurance – with specialisms in construction, manufacturing, liability and warehousing and distribution products, in addition to a variety of insurance solutions for small businesses.

AMS Insurance Solutions is led by a team of three directors, Andrew Burrell, Mark Evans and Simon Thomas, who each bring around 30 years’ experience in the industry. As per the terms of the deal, the business will join Towergate Insurance Brokers, which is part of Ardonagh Advisory, and will work alongside Towergate’s existing Bristol-based business, complementing its commercial lines expertise.

The news follows Ardonagh Advisory’s additions of PB Curran and Sentinel Insurance Solutions to its roster last week.

Commenting on the deal, Phil Bayles, chief commercial officer at Ardonagh Advisory said: “As our third ‘hat-trick’ deal of the week, the addition of AMS Insurance Solutions offers real cause for celebration and is yet further demonstration of our strategy to invest in top-quality businesses that bring value to Ardonagh Advisory.”

Bayles noted that AMS is a business that fits cleaning into Towergate and the wider Ardonagh Advisory platform, and said the group is excited to bring the business to the platform and leverage the new opportunities the deal presents.

He added: “I think it’s clear that we’re always looking to have conversations with people who are interested in joining the group and would encourage anyone thinking about making the move to get in touch.” 

Andrew Burrell, director at AMS Insurance Solutions also commented on the news and said that becoming part of Ardonagh represents “the natural next step” in the company’s journey.                                                                      

“As part of the Ardonagh Advisory platform, we will benefit from increased buying power and access to a wider range of products and services, ultimately improving our offer to clients,” he said. “We’d like to say a huge thank you to all our clients and our insurer partners who we’ve worked with over the years and who have helped the business to become what it is today.”

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