We are pleased to announce the acquisition of Knutsford based insurance broker Heath Insurance Services. Heath Insurance was founded in 1958 and has 4 staff. The business is approximately a 50/50 split between personal and commercial insurance and is a £1.4m GPI broker.
The acquisition of Heath Insurance follows the recent acquisitions of Chester Insurance Services (August, £1m GPI) and Brady & Jones (October, £1.3m GPI).
Brian Clarke is the sole owner and Managing Director of Heath Insurance.
The Heath Insurance brand will remain, as will all existing staff and premises.
Dave Clapp, CEO of the County Group, comments on Heath Insurance becoming part of The County Group:
“We have known and admired Brian with his team at Heath Insurance for several years. It is a very well managed business and as soon as Brian expressed an interest to sell his brokerage, we were immediately interested.
“After further meetings and going through the due diligence process, we were even more impressed and it was an easy decision for both parties. We are delighted to welcome them into The County Group.”
“We are keen to further expand our branch network, reaching out to customers as part of our community broker proposition. Heath Insurance fitted into our strategy perfectly. They have been serving the Knutsford and Cheshire region for over 50 years and have a near 50/50 split between personal lines and commercial.”
Brian Clarke of Heath Insurance commented:
“I am really pleased that Heath Insurance is becoming part of The County Group in what is the next chapter in our company’s history. After meeting extensively with key members of the County team, and seeing how successful previous acquisitions have been, I am very comfortable this is the right choice moving forward.”
“County have an excellent track record in retaining the identity of brokerages, whilst using their size to provide operational efficiency, help with compliance and attract new business via their marketing department. Our staff are really excited about the move too as they know that Heath is in good hands. That was important to me, as was ensuring our clients will continue to receive great service.”
To summarise, post-acquisition County Insurance is now:
- £50m premiums
- Over 200 employees
- 14 Branches