The County Group (County), part of Global Risk Partners (GRP), has acquired Derby-based commercial broker Rahon Insurance.
Rahon, a family business that was established by Tajinder Atwal in 1994, specialises in SME, commercial combined, leisure, motor fleet, motor trade and property owners.
Rahon is County’s second acquisition since it became part of GRP in January this year and according to County CEO Dave Clapp, is one of a series of acquisitions the business will be looking to complete during the next few months.
Dave Clapp said: “We continue to focus on acquiring commercial broking businesses that bring something different to the Group and have the potential for growth.”
“This acquisition, and our very strong pipeline, are evidence of the attraction of our model for owners looking to create value from their life’s work.”
He added: “Tajinder and the team have built a great business and we are really excited about working together in the future.”
Mike Bruce, GRP’s CEO, Broking, said: “County Group has made no secret of its ambition to double in size during the next five years, through a mix of organic growth and strategic acquisitions. Rahon is a well-run family business and an excellent fit for County. I warmly welcome Tajinder and his team to GRP.”
Tajinder Atwal said: ”We have carefully selected The County Group as the right people to work with. Dave and the County team have the same aspirations and ethos as us;
I am delighted to have joined forces with one of the most driven and ambitious insurance businesses in the UK.”
The County Group was founded in 2003 by CEO Dave Clapp and has since grown both organically, thanks to the Group’s focus on high quality people delivering a great service to its customers and through acquisitions. County employs nearly 300 people and won Insurance Broker of the Year at the 2017 BIA Awards. County’s strategy is to continue the development of its branch network by acquiring commercial and community brokers across its region.
Global Risk Partners Limited (GRP) acquires brokers, managing general agents (MGAs) and teams trading in the UK retail and global, specialty, insurance markets. It was established in 2013 by Peter Cullum, chairman and David Margrett, chief executive.
The company has acquired 35 businesses to date and handles in excess of £700m GWP.