Ardonagh Advisory has agreed to acquire chartered insurance broker R.K. Henshall & Co. Limited.
The business, based in Sandbach, Cheshire, employs 35 people and was established in 1976.
R.K. Henshall & Co. Limited specialises in commercial insurance and has a number of high-quality schemes through its Air Underwriting division.
Upon completion, which is subject to regulatory approval, directors John Henshall and Allen Simpson will remain in the business, with John continuing to lead the business, reporting to Stephen Boyd, the Managing Director of Advisory Insurance Brokers in the North.
As part of Ardonagh Advisory, R.K. Henshall & Co. Limited is joining a £1 billion+ GWP UK broker with over 2,600 people across the UK.
John Henshall commented, “As a second-generation family business, selling to a bigger firm was a massive decision. It was really important to find a business that understood and supported our culture, and that would ultimately mean a stronger proposition for our clients. In Ardonagh we’re joining forces with a dynamic and growing business, bringing even greater opportunities for our people and clients.”
Richard Tuplin, CEO Advisory Insurance Brokers Ltd, said, “We look forward to welcoming R.K. Henshall’s team to Ardonagh. It builds our presence in the North West and south Cheshire with an outstanding client-centric team with strong ties to their clients and community.”
M&A Director Joe Conway added: “Having known John and Allen for several years it’s a pleasure to see them join Advisory. R.K. Henshall ticked all the boxes for us; a high quality and motivated team, committed leadership and deep trusted relationships with its clients.”