GRP buys Birmingham broker
Global Risk Partners (GRP) has purchased Newstead Insurance Brokers for an undisclosed sum.
The business is based in Birmingham and also has locations in London and Newcastle-under-Lyme.
Newstead, which was founded 33 years ago, is a commercial lines broker writing corporate, SME and private clients insurance.
GRP announced the managing director, Paul O’Donnell and fellow directors, Julian Simon and Sarah Giles, will remain with the business. All staff are set to stay with the business and the company will retain its brand name.
Heritage
Stephen Ross, GRP’s head of M&A, said:
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