County Insurance announce new investment partner
County Insurance are delighted to announce that Minority Venture Partners Limited (MVP), have made a minority investment in the company.
CEO and founder of County Insurance, Dave Clapp, has welcomed the investment and commented “MVP will support County Insurance in our future growth plans, continuing to use our proven formula of both organic growth and carefully selected broker acquisitions”.
“With our new partner on board we are now repositioning our plans and within 10 years we believe we can build our business to reach £100m GWP”.
“MVP allows us access to funding in order to continue the acquisition trail, as well as help with access to markets ensuring we have the best breed of policies available for our customers.”
Over the last two years we have made three acquisitions whilst continuing to grow the business 15% year on year organically.
Dave Clapp added:“MVP’s decision to make a strategic investment in our business is confirmation of our successful business model and the team we have in place to develop the business further. Our staff are the best in the business and the company’s success is in large part down to them”.
“County Insurance remains a completely independent Broker, committed to delivering the best service for our clients. Our strategy of expanding our branch network and providing fantastic local service remains at the heart of everything that we do”.
James McCaffrey, Chief Executive of MVP said:”County Insurance is a highly successful insurance broker and I am looking forward to working with Dave, Alastair and their colleagues. In their 11 year history they have done a fantastic job of growing their business but without compromising quality customer service. We look forward to supporting them in delivering more of the same in the coming years”
“MVP acts as an investment partner, supporting the business whilst allowing the management team to continue to run, control and grow their business”.
County Insurance were advised by David Filmer of Harrison Drury Solicitors
County Insurance – www.countyins.com – are a leading insurance broker in the North West, employing over 150 people across 7 branches. We provide a full range of personal and business insurance policies. We are also a UK Top 50 broker.
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