FSP advises Finch Commercial Insurance Brokers Limited on its latest acquisition
A team at FSP has advised Finch Commercial Insurance Brokers Limited on its acquisition of Portsmouth-based independent brokers, Hughes & King as it maintains continuity during turbulent times.
Finch, forming part of the Ethos Broking Group, is maintaining its momentum during these challenging times with the purchase of Hughes & King. With a strong commercial lines portfolio, Hughes & King manages over £4m gross written premiums. The brokerage employs eight members of staff, all of whom will remain within the business. Following completion, the business will retain its current premises and director Roy Blackburn will take over as Commercial Manager.
Vince Gardner, Ethos Broking M&A Director and former MD of Finch Group commented: “This purchase marks another milestone for Finch and their growth ambitions as they acquire their 11th business as part of Ethos Broking. We have known Roy and his team for many years and know they have a strong reputation in South East Hampshire. Hughes & King is an extremely well-run brokerage, with high standards, close client relationships and an energetic team. All of which fit with our culture and values”.
On working with FSP again, Vince commented “It was great to work with Ian and his team again. Ian’s team thoroughly understand the commerciality of our transactions when tailoring their advice. FSP’s efforts contributed towards a successful completion of this transaction during the uncertain times of the pandemic”.
The team at FSP was led by Ian Wood-Smith (partner, corporate) with assistance from Philip Stephenson (partner, corporate), Sian Ralph (solicitor, corporate), Pierre Dutton (associate, commercial property) and Christian Meredith (solicitor, employment).