Partners&, a prominent player in the UK insurance market, is making significant moves to solidify its market position. They have successfully completed four notable acquisitions with the expert guidance of Michelmores’ Corporate team.
In early July, the company acquired Switch Health, a private medical insurance specialist in Cheltenham, to enhance its services. Additionally, strategic acquisitions in the North West and Nottingham have further bolstered Partners&’s presence, showcasing an aggressive push for expansion.
Strategic Acquisitions Strengthen Position
In the past few months, Partners&, a notable UK insurance adviser, has made strides in solidifying its market position. With the counsel of Michelmores’ Corporate team, they have successfully completed four significant acquisitions.
At the start of July, Partners& acquired Switch Health, a private medical insurance specialist based in Cheltenham. This deal aims to enhance Partners&’s private medical insurance services.
Expansion in the North West
Further expanding in the North West, Partners& recently acquired SEP Insurance located in Merseyside. SEP Insurance is a leader in commercial vehicle, courier, and taxi risks.
This acquisition adds to SEP’s already existing operations in Bootle, Chester, Southport, Bolton, and Leeds. Consequently, Partners&’ North West presence is significantly bolstered.
Halo Consulting Joins Partners&
The acquisition trail continued with Nottingham-based Halo Consulting, a brokerage offering whole-of-market advice on various insurance types. Halo Consulting has placed tens of millions of pounds worth of risk with insurers over the years.
This acquisition bolsters Partners&’s advisory services, especially in private medical, life, and income protection insurances. It enhances the seamless advice proposition in Nottinghamshire.
Strengthening the North West Presence Further
Earlier this week, Cheshire-based Nahla Limited, trading as Personal Health Management, was acquired by Partners&. This move aims at strengthening their North West operations.
Nahla Limited specialises in personal health management, making it a valuable addition. This marks the fourth major acquisition by Partners& in recent months.
Expertise Behind the Deals
The Michelmores team, led by Partner Adam Kean, played a crucial role in these deals. Associate Ben Adams, Solicitors Harry Jones and Gruff Cartwright, and Paralegal Philippa Kean were also instrumental.
Their commercial and pragmatic approach to mergers and acquisitions has been highly valued by Partners&. The team’s responsiveness and quality of advice have made them the go-to legal advisors for Partners&.
Leadership’s Perspective
Phil Barton, group CEO of Partners&, expressed his satisfaction with the collaboration, stating, “We’re delighted with the way our teams are collaborating.”
Barton highlighted that Michelmores’ approach mirrors their own, emphasising the quality and responsiveness. This synergy has been critical in completing these strategic deals.
Looking Forward
Adam Kean also shared his thoughts on the partnership, “Partners&’s acquisitions pave the way for the next stage in their journey.”
Kean stressed the importance of continued sage counsel and excellent service, which have enabled Partners& to progress effectively. They look forward to working with them again.
Conclusion of Deals
In summary, these strategic acquisitions have not only strengthened Partners&’s market presence but also enhanced their services. The advice and collaboration from Michelmores have been pivotal.
As Partners& continues its expansion journey, these acquisitions are expected to play a significant role in their growth and service improvement.
Strategic acquisitions have clearly positioned Partners& as a rising force in the UK insurance industry. Their partnerships and expansions signify a forward-thinking approach.
The collaboration with Michelmores has been instrumental for Partners&. Having solidified its market presence, Partners& is well-poised for future growth.
Through savvy deal-making and expert advice, the company has set its sights on a trajectory of continued expansion and improved services.