County Group (County), the North West business of Global Risk Partners (GRP) has acquired 100% of the share capital of Welsh brokerage Archenfield Insurance Management (Archenfield).
Archenfield operates out of offices in Monmouth and Cardiff Bay. It was founded over 25 years ago and writes a mix of commercial and personal lines insurance. Archenfield will continue to operate from its current locations following completion, and MD Francis Walsh will remain at the head of the business.
Alastair Christopherson, CEO of County, said: “This is the second of a number of deals we have in the pipeline for 2022. County Group has always been acquisitive, and our interest in acquisitions remains undiminished, as we look to grow our market presence in the North West and across Wales.”
He added: “Archenfield is a high quality community broker with deep local roots and a highly entrepreneurial management team that is hungry for growth. In our discussions with Francis Walsh it was clear that he shared our focus on profitable growth, and we especially liked the fact that many of his new clients come from personal recommendations.”
Francis Walsh said: “County Group has an enviable footprint and a reputation for nurturing the businesses they acquire and helping them achieve much greater levels of success. They are a great custodian for our business and our clients, and I am confident that Archenfield has a bright future under the County and GRP umbrella.”
The deal has received regulatory approval and the consideration is undisclosed.