The business was founded in 2004 and has both personal lines and commercial clients. Wrexham Insurance is a well-known local broker right in the heart of the town, serving the local community. Annual insurance premiums are £1m.
One of the vendors, Robert Gabriel, is taking well-earned retirement whilst the other vendor Dennis Seward will remain as Branch Director alongside the existing staff.
Previous County acquisitions in Wales within the last 18 months are Brady & Jones (Colwyn Bay) and George Williams Ltd (Denbigh), both of which are fully integrated into The County Group. Further to this, a brand new Cardiff branch opened in December 2015 which has already achieved over £1m GWP in its first trading year.
Dave Clapp, CEO of The County Group, commented “We are delighted to have extended our footprint in North Wales, which we firmly believe is a region that embraces our community broking strategy. Wrexham Insurance Services is an excellent local broker with a loyal customer base and fits perfectly into The County Group’s acquisition strategy. Its location is ideal in our North West & Wales heartland and the skill set and experience within the branch is first class.”
“We have got to know Dennis and his team very well during the due diligence process and we are delighted they are remaining to continue to provide expert service on the local community’s insurance needs. I’d like to warmly welcome them to The County Group .”
“This increases our branch network to 18 locations and we are opening two brand new branches before the end of 2016.”
Dennis Seward, owner of Wrexham Insurance Services, adds: “My business partner Robert Gabriel and his wife Lynn wished to retire and that led us to contact The County Group. I have followed them with interest over the last three years and had a strong inclination that they were who I wished to take over our business. Meeting the Directors over a series of meetings further confirmed that they were the ideal people to take our business forward. I have seen and heard from their previous acquisitions that they have kept the business and staff in the heart of the community, and have immediately improved the product offering and lowered the premiums we can offer our customers”.
“I’m delighted to remain on board and genuinely believe that the business can go from strength to strength as part of The County Group and our customers should see a massive benefit.”
Under the umbrella name of “The County Group”, this incorporates County Insurance, JSW Insurance , Whitchurch Insurance, Chester Insurance Services, Heath Insurance, Brady & Jones, George Williams Insurance Services, Safe and Sound Insurance, and GR Plimbley Insurance.