Green Insurance Group [Greens], the South Eastern hub broker for Global Risk Partners [GRP], has acquired 100% of the share capital of Manor Insurance Services [Manor].
Manor is a retail broker based in Hastings, East Sussex. Founded in 1990, the business offers SME and personal lines products including home, motor, charity, business and travel. Owner Ian Mantel and his staff will stay with Manor, and transfer into Green’s regional central office in Bexhill shortly after completion.
The acquisition is the first this year for the business which has been providing insurance services in the Kent and Sussex region for over 40 years. In 2019, Greens acquired Millards, Clifton Morley and Reid Briggs. Since Greens became part of GRP in June 2017, the business has successfully completed seven deals.
Duncan Coleman, Green’s CEO, said: “I’m delighted to welcome Ian and his colleagues to Greens. Manor is the latest in a number of targets we have identified and now completed for the South Eastern region, and our appetite for more acquisitions is as strong as ever.”
Mike Bruce, GRP’s group managing director, said: “Duncan is hugely ambitious for Greens to become a major player in the South East of the UK, and he has our full support and backing to continue driving growth organically and by further strategic acquisitions.”
“Greens is the embodiment of our successful hub and spoke strategy and I am confident that, thanks to a strong pipeline, more deals will be announced.”
About Green Insurance.
Greens writes personal and commercial insurance and has particular strengths in property and SME with its own unique wordings for property, commercial combined, shops & offices, motor trade and professional indemnity. The business has six branches in the South, including their regional central office in Bexhill.
Global Risk Partners Limited (GRP) is a vehicle aimed at acquiring brokers and managing general agents (MGAs) trading in the UK retail and global, specialty insurance markets. It was established in 2013 by Peter Cullum, David Margrett and Stephen Ross, backed by private equity firm Penta Capital LLP.