News & Insights

FSP advises Ethos Broking on its acquisition of Leeds-based Schofield Insurance Brokers

Ethos’ recent acquisition of Schofield Insurance Brokers makes this its 14th regional hub acquisition, the 2nd acquired hub of 2021.

This tactical purchase for Ethos will provide a new growth platform in the West Yorkshire region. Schofield Insurance is nearing 50 years in business, handling in excess of £10m gross written premiums with a commercial lines focus supported by the strength of its industry relationships. Led by Gary Holland and Tom Butler, will form part of the team of 30 joining Ethos Broking as part of the deal with their office in Kirkstall Forge being retained.

Richard Tuplin, Ethos Broking Chief Executive Officer, said “Schofield is a business we have long admired and I am incredibly excited to welcome them to the family today. Gary’s and Tom’s understanding of how powerful great customer service can be is absolutely aligned to the Ethos culture, combine that with how they support their people they could not be a better fit for Ethos. Undoubtedly, great things are going to happen”.

“We were supported by the team at FSP throughout the transaction. It was great to work with Ian and Sian again. They have a collaborative and commercial approach which helped to get the transaction over the line”, said Richard.

The team at FSP was led by Ian Wood-Smith (partner, corporate) with assistance from Sian Daly (solicitor, corporate) and Christian Meredith (solicitor, employment).