AssuredPartners acquires Scottish firm

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AssuredPartners obtains Scottish company|Insurance Coverage Service

AssuredPartners has actually introduced that it has actually obtained Scotland-based Borland Insurance coverage. Borland was suggested in the purchase by Morphose Funding Allies, a London-based expert in M&A, company restructuring, as well as money. On AssuredPartners’ side, the purchase procedure was headed by David Heathfield, that leads the US-based company’s UK arm.

Complying with conclusion of the purchase, Borland will certainly remain to be run by creator as well as Chief Executive Officer Jon Silcock. The company’s group of 30 staff members will certainly all continue to be in position.

The purchase will certainly provide AssuredPartners a system in Scotland where to expand, possibly via extra procurements.

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“It has been a pleasure working with David and his team at AssuredPartners,” claimed Nick Atherton, handling supervisor at Morphose Funding Allies. “We wish them every success in growing their UK regional business.”

“Nick, Dave Seaton and the whole team at Morphose have added value during every step in the process,” Silcock claimed. “Morphose took the time to thoroughly understand the cultural values of Borland and the rationale behind my objectives for Borland’s future. Whilst I was in the privileged position of having a significant amount of interest in Borland, AssuredPartners were quickly identified as being the right fit. I am delighted to be partnering with AssuredPartners and assisting with the growth of the UK regional business.”

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