Consolidator exceeds 40 branches with latest deal.
Giles Insurance Brokers has expanded into Ipswich following the acquisition of Henley Risk Management..
Henley Risk Management, which employs 11 staff at its Sandy Hill Lane-based offices, specialises in construction, manufacturing, motor, printing, leisure and the food industry.
Robert Shurety, a director at Henley Risk Management, said: “The move to join the Giles Group is a very positive one for us and our customers, and will help us to offer an even greater level of service and a much wider choice of products.
“It will very much be a case of business as usual for our existing customers, but will mean that we will also be able to draw on Giles’ expertise in other areas to add value for future customers too.”
Chris Giles, CEO of Giles Insurance, said: “We remain steadfast in our commitment to growing our presence throughout the UK, and continue to seek new opportunities to add to our growing portfolio.
“We are extremely positive about the future and will be announcing a number of further acquisitions in the coming months, all of which will take us closer to our future growth target.”
The move sees the company exceed a 40 branches since it was boosted earlier this year by a £500m cash injection from Charterhouse and currently has an acquisition rate of around four branches per month.