The broker is PIB's 26th deal and operates in the property, corporate, private clients and SME sectors.
Executive chairman Ashwin Mistry says firm's income and GWP have been impacted by broker members selling up.
Ardonagh’s Atlanta division has exchanged contracts to purchase the motorcycle specialist broker.
Firm reveals an increase in turnover but a drop in Ebitda for the year as it lists consolidation and Brexit as challenges affecting the business.
Lights & Legal managing director Dean Perkin will stay with the firm.
Profile: David Ross, Ardonagh CEO, tells Insurance Age why he’s a lucky man and reveals his hopes for the group as he puts the challenges of the past five years behind him
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
The deal sees founders Peter Cullum and David Margrett retain a minority stake in the company alongside Penta Capital.
Financial results also show that revenue grew 10.2% at Marsh in 2019.
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
Broker’s trade and assets will be integrated as part of Marsh in April or May 2020.
GRP has been exploring sale and reinvestment options since last summer.
Merger had originally been expected to be completed by the end of 2018.
Business was founded in 2013 by Grahame Chilton and Rupert Swallow through a strategic partnership with Gallagher.
Broker becomes GRP's eighth major hub and will retain its brand, with all staff remaining with the business.
Ethos-owned broker has now made ten deals in the last three years.
Deal to purchase parent company Risk Transfer Group has now completed.
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.
Consolidators have shifted to concentrate on the smaller end of the broking sector, Martin Friel investigates why
Searchlight and Apax Partners are believed to be in talks with the consolidator over taking a stake in the business.
Firm has provided a daily rate insurance product through PIB-owned Cooke & Mason since 2004.
Group will purchase CMR Insurance Services and Sue Smith Ltd subject to regulatory approval.
The deal takes the number of Greenwood Moreland offices to three.