The purchase is part of the broker’s plans to expand acquisitively as well as organically
Personal lines broker A-Plan has snapped up Northamptonshire SME commercial specialist broker Cotters.
Set up in 1997, Cotters has a GWP of £8m and will continue to trade under its existing brand, A-Plan said in a statement.
All staff will remain in Northampton, it added.
“This purchase marks another milestone for A-Plan and our growth ambitions,” A-Plan chief executive Cark Shuker said.
”Cotters is an extremely well run brokerage, with high standards and a great team of people, and fits very nicely with our culture and values.
”We’re really looking forward to welcoming Richard, Sean and their team to the A-Plan Group and supporting them with their future growth plans”.
Cotters directors Richard Bailey and Sean Mabbutt said A-Plan’s ”client focused approach was a natural fit for the ethos on which our company has been built”.
”The strength and reputation of A-Plan will allow us to continue expanding in our core sectors and delivering excellence and value to our customers”.
A-Plan said the acquisition now gives it £170m in annual GWP, with 28 commercial offices around the UK.
The broker has seen strong organic growth, but has also made several acquisitions in recent years, including Endsleigh in 2018 for £17.4m.
In January last year it bought Jelf’s personal lines business consisting of 55,000 policies.
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