News analysis: Focus on smaller brokers heats up the M&A market
Consolidators have shifted to concentrate on the smaller end of the broking sector, Martin Friel investigates why
When in doubt, buy them out seems to be the current approach in the broker market with hardly a day going by without reports of another acquisition.
We’ve all seen it before but what’s happening today is a little different. Brokers at the smaller end of the market, often with no more than a couple of employees and a couple of million in GWP, are hot property.
Around 50 small brokers have been bought this year with large private equity (PE) backed consolidators such as Global Risk Partners (GRP
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