FSP advises Finch Commercial Insurance Brokers Limited on its biggest acquisition to date
A team at FSP has advised Finch Commercial Insurance Brokers Limited on its acquisition of commercial and personal lines business, Bridle Insurance.
Bridle is headquartered in Witney, Oxfordshire and manages £10m gross written premiums, and places emphasis on fleet insurance.
Vince Gardner, Finch’s MD is thrilled to welcome Bridle to the Finch team. The Bridle brokerage has 17 employees and is led by directors, Neil Fox and Bob Turley. Following the purchase, Bridle will keep its current office and all its staff, with Neil Fox transferring to a consulting position and Bob Turley becoming part of the Finch Group management.
Vince commented: “This fifteenth deal is our largest to date and Bridle Insurance is a brokerage that I have admired for years. They have strong client relationships and have a perfect cultural fit with the Finch group”.
He further added: “Each of our acquisitions have brought a new dynamic to the group and I believe Bridle can only strengthen our offering in the South. We’re looking forward to the future and are hugely proud of the invaluable service our team is providing to SMEs in our region and beyond.”
FSP were delighted to be instructed to act for Finch on the acquisition after assisting with many others since Finch became the first regional partner of Ethos Broking in 2016 (previously known as Broker Network). On working with FSP Vince commented “Ian and the FSP team managed our acquisition professionally and diligently throughout. Their collaborative approach ensured all advisors worked cohesively together and allowed us to get the acquisition over the line within our desired timeframe”.
The team at FSP was led by Ian Wood-Smith (partner, corporate) with assistance from Philip Stephenson (partner, corporate), Sian Ralph (solicitor, corporate), Philippa Roles (partner, tax) and Pierre Dutton (solicitor, commercial property).