DR&P Group strikes five deals in 2021 after Inflexion investment
Broker holding company DR&P Group made five acquisitions in 2021 after private equity house Inflexion invested in the business and secured funding from Ares Management, a filing at Companies House has revealed.
As previously reported by Insurance Age, after the February 2021 investment by Inflexion the group bought a 90% stake in Lloyd’s broker Channing Lucas & Partners in December.
The filing showed that DR&P Group spent £22.71m across its investments.
In 2021 the business snapped up 80% of Paisley-based D2 Corporate Solutions on 1 July along with 95% of Leeds-based SRM Acquisitions (Smith Robinson Insurance Brokers) on 9 July.
On 11 August it bought 90% of PDC Holdings (Cumbria Insurance Brokers)
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