The deal will boost the business’ footprint in the South West and help achieve mutual long-term ambitions
GRP-owned Higos Insurance has acquired Web Shaw Limited, based in Penzance, Cornwall.
Web Shaw Limited, which trades as Jacksons, has been providing insurance solutions to both commercial and private clients since 1923.
The firm’s three owners – Steve Moses, Ian Eccles and David Hosken – and existing staff will be staying with the company following the acquisition.
Business will also continue to be written under the Jacksons brand.
Matt Hartigan, Higos managing director, said “high quality” local broker Jacksons is “just the sort of business we’re keen to work with”.
He continued: “It has a long-established track record of success with a great roster of clients for both commercial and personal lines business and the deal will add considerably to our footprint in Cornwall.
“All the team are assured of a very warm welcome from all of us at Higos and we have high expectations of further building their profile throughout the county.
“I’m really excited about the prospect of working alongside Steve, Ian, David and the team to help achieve our mutual long-term ambitions.”
Steve Moses, who will be the managing director for Jacksons under Higos’ ownership, added: “Cornwall is a unique place to do business and it was important for us that we could partner with a team that understands this.
”I am confident that we will be able to flourish with the support of Matt and the team at Higos.
“Matt made it clear to us during our discussions how much he values our local focus and as Higos is the leading retail broker for the South West, the deal is a natural fit in terms of our values and aspirations to take the business to a new level of success in this part of the world.”
The deal has received regulatory approval and the consideration is undisclosed.