UK-based insurance coverage middleman International Threat Companions (GRP), a unit of Brown & Brown, has purchased John Henshall for an undisclosed sum.
John Henshall trades as Henshalls Insurance coverage Brokers (Henshalls).
Arrange in 1967, it’s a business dealer with headquarters in Newport, Shropshire and workplaces in Shrewsbury and Stafford.
The agency specialises in foods and drinks, manufacturing, building, charities, sports activities and hospitality sectors.
It additionally affords bus, coach, and minibus insurance coverage through its two different insurance coverage companies, Bayliss and Cooke and Coachline.
Henshalls’ administrators Mark Freeman, Martin Pitchford, Dave Williams, Anthony Hughes, and Neil Atkinson together with their remaining crew will proceed to work with the agency.
GRP head of M&A Stephen Ross stated: “Henshalls is a very good match for our retail enterprise giving us a worthwhile presence in Shropshire and Staffordshire.
“That a part of the world shouldn’t be extensively served by brokerages, so we’re happy that Henshalls, which has been buying and selling efficiently for a few years, has chosen to affix our retail division.”
Henshalls managing director Mark Freeman stated: “Now we have operated as a proud impartial dealer since 1967 and determined that now was the precise time to affix GRP. This can allow us to proceed our historic development and broaden our footprint on this space of the UK. In our discussions with Stephen Ross (GRP’s head of M&A) and Mike Bruce (GRP CEO), it grew to become clear that becoming a member of GRP was the perfect future choice for our enterprise, our wonderful crew and our prospects.
“It supplies us with a powerful platform on which to construct the subsequent thrilling chapter for the enterprise. The added power offered by Brown & Brown’s possession of GRP, and significantly its ‘endlessly firm’ ethos, was a significant component behind our resolution to affix the enterprise.”
Final month, GRP purchased bpw Insurance coverage Providers, a retail insurance coverage dealer.