Deals: Movo Buys CCS Insurance

Movo Partnership network (Movo) has today announced the acquisition of CCS Insurance.

This is Movo’s 8^th acquisition, bringing an additional £1.8 million GWP and 3 new members of staff to the Group, whilst at the same time investing in the future of a highly regarded UK ‘heartland’ broker.

CCS Insurance based in Woking, will trade as Movo Woking.  Acquisition by a consolidator was not an attractive option for the business, which is proud of its 40-year heritage and keen to protect its long-standing client relationships.  Joining Movo offered the majority owner an exit route, whilst ensuring that remaining Director Andrew Gibbs and his team retain control.

Preserving the integrity of independent broking is central to why Movo exists – investing in businesses that want to grow and service their local area, brokers that might otherwise be lost to acquisition.  Joining Movo means CCS, under the Movo Woking banner, can continue to offer the great service it is so highly regarded for, supported by a group and network that will assist in expanding its client base and achieving its future aspirations.  Upgrading to Acturis and centralising back-office functions also provides the Movo Woking team with more time to do the most important element of their role – servicing clients.

Speaking about the acquisition, Lea Cheesbrough, Managing Director of Movo, commented: “We’re thrilled to welcome the CCS team to the Group.  They are a true heartland broker, regional professionals who are care passionately about their clients.  They do not want to lose control of their business but need the support to expand.  This is exactly why we exist.  We want to invest in brokers that want to grow and service their local area.  It’s imperative that local broking stays local, and we are committed to making sure independent brokers survive and thrive.”