Acquired company will boost broker’s presence in East Anglia
Broking group Lark has bought Suffolk-based broker Insurance Risk Solutions (IRS) for an undisclosed sum.
Lark said the addition of the new broker, which employs 25 people in Bury St Edmunds, will bring the group’s annual revenue to £26m.
All of IRS’s existing executive directors and team will join Lark and continue to serve their clients as before.
Chairman Graham Lark said that the purchase would “considerably strengthen” the group’s presence in East Anglia, and is a good fit with its existing office in Colchester.
He said: “It is a top quality broking business and an ideal fit with our strategic objective to be one of the leading independent brokers.
We’ll be working with the IRS team to continue their growth through a combination of organic new business efforts, and the addition of high quality people when these opportunities arise.
Everyone at Lark is very much looking forward to working with them.”