Leeds-based Marshall Wooldridge has today announced its sixth acquisition since becoming part of Global Risk Partners (GRP) in 2016. The broker has snapped up Insurefirst Limited, trading as Bush & Associates (Bush). The deal has received regulatory approval and the consideration is undisclosed.
Bush, which is based in Huddersfield, West Yorkshire, was founded as a partnership in 2000, before being incorporated as Insurefirst Limited trading as Bush & Associates in 2015. The commercial and personal lines broker is run by Wayne Stevenson, Tish Stevenson and Tim Bush. The management team and all employees will stay with the business under new ownership.
Commenting on the acquisition, Geoff Kirk, MD of Marshall Wooldridge, said: “Wayne and his team run a high-class regional brokerage and I’m really pleased they’ve chosen to join us for the next stage of their development.”
Kirk added that the business is a great fit with Marshall Wooldridge’s portfolio in Yorkshire and that he is confident that Bush will be in a strong position to expand its footprint with the support and help of the wider group.
Wayne Stevenson also commented on the deal and highlighted Marshall Wooldridge’s reputation for entrepreneurship and encouraging owner-managers to go for growth.
“We feel that Bush and its team are in safe hands under the GRP umbrella,” he said, “and we look forward to being able to offer our clients a broader range of products and services.”