Brightside Group acquires Group Direct and Injury QED
In a statement issued to the London Stock Exchange Brightside Group has acquired Group Direct and its associated companies, and Injury QED.
Group Direct was founded by Arron Banks and John Gannon in 2001, as a specialist broker for van insurance. The SME broker has has since grown with revenues of £23.3m and EBITDA of £7.5m.
The Group covers a range of products including; van, fleet, motor trade, taxi, minibus, business car, commercial combined, property and personal lines.
Brightside’s purchase of Group Direct includes a strategic investment from Norwich Union of £5.7m, and £4.9m from Stena Investments, one of Sweden’s largest
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