The merger, which was first announced in March, has been finalised

Integro Group Holdings has today announced that an affiliate has completed the purchase of Hawkes Bay Holdings Ltd, the parent company of Tysers.

After the deal was first announced in March 2018, Integro will now begin the process of merging its wholesale and retail operations with Tysers.

This is Integro’s largest acquisition to date and it believes this move creates a market leader in the UK brokerage market, nearly doubling the size of Integro’s current wholesale business.

Integro’s co-heads of wholesale, David Abraham and Jason Collins will lead the new combined wholesale business, Bob Pybus, Integro’s head of UK retail will oversee the combined corporate & private clients segment, and the entertainment and sports segment will continue to be led by Neil Clayton.

Integro says the plan is to integrate the wholesale and retail operations in the near future.

Abraham said: “This is a very exciting milestone in the history of both firms. Together, we have created a significantly larger wholesale platform, one which will bring a unique and attractive offering to the UK market and our international clients.”

Gary Andrews, Tysers head of North America added: “Integro and Tysers have similar cultures and ways of doing business. We have a great opportunity to attract and retain the very best, entrepreneurial talent in our industry.”

Pybus said: “Together with Tysers, we are able to provide clients with an enhanced range of products and a broader base of skills, as well as enhanced opportunities for our teams.”