Partners& reveals growth plans after latest acquisition

Partners& is looking to grow its business through selective recruitment and acquisition activity where there is a “strong alignment” of culture and values.

That was according to Partners&’s chief executive Phil Barton, who told Insurance Times that its approach to mergers and acquisitions (M&A) was “distinctive in so much”, with culture and client propositions guiding decision making.

Partners& is a chartered insurance broker providing specialist insurance, employee benefits, risk management and claims advice to businesses and private clients.

As part of its growth plans, the firm acquired NexGen Insurance Solutions last month (21 August 2023).

“Unlike many of our competitors, our growth strategy adopts a blended approach – partially through the acquisition of talent and partially through M&A,” Barton said.

“This approach has proved very successful and we have attracted a team of incredibly gifted and experienced advisers to combine with our existing team, whilst integrating M&A opportunities to create a single business.”

Next Gen Insurance

East Malling-based NextGen Insurance Solutions is a broker that specialises in the construction industry and provides advice and protection to businesses and individuals across the UK.

Isha Patel, managing partner for the south east at Partners&, said acquiring the firm was an ”important milestone”, with Kent being an ”important market for us in the coming years”.

Barton added: “We have already built a significant business across the UK and are committed to growth in new communities. Whilst the south east is our largest region, we had limited presence in Kent.

“This acquisition expands our reach and establishes a platform, which we intend to grow in this important market.”