AssuredPartners has introduced that it has acquired Scotland-based Borland Insurance coverage. Borland was suggested within the acquisition by Morphose Capital Companions, a London-based specialist in M&A, company restructuring, and finance. On AssuredPartners’ aspect, the acquisition course of was spearheaded by David Heathfield, who leads the US-based agency’s UK arm.
Following completion of the acquisition, Borland will proceed to be run by founder and CEO Jon Silcock. The agency’s group of 30 workers will all stay in place.
The acquisition will give AssuredPartners a platform in Scotland from which to develop, probably via further acquisitions.
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“It has been a pleasure working with David and his group at AssuredPartners,” stated Nick Atherton, managing director at Morphose Capital Companions. “We want them each success in rising their UK regional enterprise.”
“Nick, Dave Seaton and the entire group at Morphose have added worth throughout each step within the course of,” Silcock stated. “Morphose took the time to completely perceive the cultural values of Borland and the rationale behind my aims for Borland’s future. While I used to be within the privileged place of getting a big quantity of curiosity in Borland, AssuredPartners had been shortly recognized as being the fitting match. I’m delighted to be partnering with AssuredPartners and aiding with the expansion of the UK regional enterprise.”