asb law corporate team acts for Markerstudy in acquisition of The Policy Shop
Following hot on the heels of the recent Supercover Insurance acquisition, asb law’s corporate team has once again acted for Kent-headquartered, Markerstudy Holdings Limited, on the acquisition (subject to FCA approval) of personal lines broker, The Policy Shop – effectively adding £20m in gross written premium and 70 staff to its business.
The asb deal team, led by Rebecca Burford, worked to a tight deadline, agreeing the terms of the share purchase agreement in less than 24 hours. Rebecca commented, “It is always a pleasure working with Chris Payne (General Counsel) and the team at Markerstudy – their tight timetables keep us on our toes. I am confident The Policy Shop will complement the Markerstudy Group and we look forward to continuing to work with Markerstudy as the group expands”.
Headquartered in Coventry, The Policy Shop has been operational for 21 years and has seen steady growth year on year.
The Policy Shop will join the retail division of Markerstudy, under the watchful eye of Managing Director, Russell Bence.
He said “We were approached earlier this year by Sean Byrne, founder and Managing Director of The Policy Shop. Our philosophy is well known; we are keen to assist our fellow brokers in the industry and we’re transparent about our acquisitive nature. I’m delighted that our discussions have been successful as this business offers genuine opportunity.”
For more information about Markerstudy, visit www.markerstudygroup.com
Published: 23 Sep 2014