President says he is impressed by broker’s growth
Property and casualty broker NFP has today (12 April 2023) acquired West Midlands-based Gravity Risk Services.
The deal will see NFP integrate Gravity’s risk services into its existing commercial insurance offerings, employee benefits and human resources (HR) services.
Matt Pawley, president of NFP in Europe, said the company moved to buy Gravity after being “impressed” with the insurance broker’s growth.
“NFP is always assessing the market, with the intent to acquire firms that support our ethos and core values around the importance of client services and exceptional carrier relations,” he said.
“We fully expect that our investment in Gravity will enhance this growth.”
’Great opportunity’
All of Gravity’s team members and key executives will become part of the NFP team, including founder and director Dale Collett.
Read: The Clear Group acquires Irish broker to bolster expansion plans
Read: New Era makes acquisition to specialise in haulage and courier sectors
Explore more M&A stories here or discover other news content here
Collett said the Gravity team were “delighted” to join NFP.
“This will give our existing clients access to NFP’s wide range of services, provide us with a great opportunity to grow in capacity and introduce our employees to expanded career prospects within a larger, global organisation,” he added.
In January 2023, NFP also acquired Direct Safety Solutions, which too is based in the West Midlands.
Buying the business saw NFP integrate health and safety offerings alongside its existing commercial insurance, employee benefits and HR services.
No comments yet