GRP's Newstead announces second acquisition with deal for Crendon Insurance Brokers Ltd
GRP-owned
Crendon specialises in providing bespoke insurance packages for commercial, construction, online retail, IP and data protection/cyber liability, and other niche markets where cover may be difficult to obtain.
The business was founded in 2004 and has offices in the Birmingham city centre.
Crendon managing director
"Sarah and the team share our ambitions for future growth, and this is also a great deal for our clients, as we will be able to offer them the benefits of being part of the wider GRP family."
"We're thrilled to welcome Neil and his team to Newstead. Crendon is a highly-respected broker and will be a perfect fit for us as we seek to build our market presence in the Birmingham area."
"As well as our focus on organic growth, we continue to have an appetite for further acquisitions and welcome opportunities to talk to vendors should they be considering a sale."
All Crendon staff will move across to Newstead and work from the Newstead office in Birmingham.
The deal has received regulatory approval and the consideration is undisclosed.
About
GRP operates retail broking, specialist MGA, network and Lloyd's businesses, enabling the business to serve the growing insurance and risk management needs of its clients. GRP is an operating unit of
About
- For more information please contact:
Ben Welsh 07568 382040
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