NG Insurance Services buys Peter Adams Insurance Brokers
Broker Network Members NG Insurance Services (NG) and Peter Adams Insurance Brokers (PAIB) have joined forces, following the acquisition of PAIB by NG.
The acquisition is in line with the continuing growth and expansion of Broker Network Members.
The firms are both based in the Cardiff area.
PAIB will retain its brand, as the firm becomes a wholly owned subsidiary of NG. Nigel Adams, managing director of PAIB, will become a director of NG.
Mark Wood, Managing Director of Broker Network said today: “We are delighted to see our Members coming together to form strong alliances. Businesses such as NG and PAIB are at the heart of the Broker Network Membership and we look forward to continuing in our total support of their expansion.”
Commenting on the deal, Nick Grimmit, director of NG said: “We are delighted to be welcoming PAIB into our group and believe that our offering will be improved by this merging of experience and resources.”
Nigel Adams, managing director of PAIB commented: “The coming together of our businesses will provide both current and potential clients with access to a bigger, stronger service offering. Trading will continue as normal, with no disruption to our customers, and we look forward to continued growth.”
NG is actively considering acquisitions as part of their plans for expansion in the future.