MD Adam Boakes says model will help brokers increase their income as well as provide them with a guaranteed investor in their business once they're looking to exit.
Move follows Searchlight's purchase of a majority stake in GRP, which saw a number of management changes.
Group CEO Mike Bruce on the Searchlight deal, expansion plans and how the firm's M&A activity is "gaining momentum".
Blog: When is a consolidator, not a consolidator? The question Barton, Jelf and Reid’s Partners& hopes to answer
This week saw the launch of new broking business Partners&, bringing together a quintet of players to form a business which is positioning itself as distinctly anti-consolidator. Insurance Age content director Jonathan Swift looks at what this means; and…
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
GRP has been exploring sale and reinvestment options since last summer.
Broker becomes GRP's eighth major hub and will retain its brand, with all staff remaining with the business.
Total covers 10 businesses that the group bought in the year to 31 March 2019.
Accounting procedures and acquisition costs blamed as turnover and operating profit grow 48% and 173% respectively.
Following investment from Minority Venture Partners, the organisation is planning to do 75 deals in the next three years.
The Insurance Age team unpick the most recent and most popular stories.
It is believed that the consolidator is seeking fresh investment that could see current investors, including Peter Cullum, have their stake diluted as backer Penta reaches the end of its traditional investment period.
Business is made up of nine firms, one of which will be GRP's retail hub for North London and Essex.
Consolidator targeting as least as many deals in financial year to 2019 as the 15 it achieved to 31 March 2018.
New purchase specialises in products for doctors, dentists and professionals.
MGA Lexicon Property targeting mid-market property owners.
Global Risk Partners has bought the Crewe-based broker to be its north west regional hub.
Sister title Post reveals that the case relates to money lost because of allegedly poor financial advice.
Broker teams up with Peter Cullum-backed vehicle having sold minority stake to Cullum-backed MVP in 2014.
Now that we have all had a chance to get back into our pre-Xmas routines and break our new year’s resolutions, I thought it would be a good chance to look at our crystal balls and predict how the year might pan out for brokers.
Results show increase in losses but turnover growth as Margrett says he is "over the moon" about performance.
Simon Lewer joins as COO of GRP's MGA division and Kris Lee joins as head of e-trading for Plum Underwriting.
Neil Thornton joins Cullum-backed firm's retail broking business as managing director.
Global Risk Partners CEO David Margrett hopeful of more deals before the year end.