Bollington Insurance has announced that it has completed the purchase of North-West based insurance broker Ashgrove Insurance Services.
Trading since 1981, Ashgrove has built a strong reputation in Greater Manchester for providing quality insurance products to SMEs throughout the region.
The company were finalists in the Commercial Lines Broker of the Year category at both the Insurance Age UK Broker Awards and the Broker Innovation Awards this year, reflecting their high standards of service.
The latest acquisition by Bollington further expands the range of products and services available within the Group, spanning corporate, commercial, wholesale and personal lines.
The addition of Ashgrove nudges Bollington closer to 450 employees and the £170m GWP mark, with ambitious plans for further acquisitions and growth in 2020 backed by private equity house Inflexion.
Ashgrove will continue to operate from their offices in Ashton-under-Lyne, adding to Bollington’s offices in Greater Manchester, Macclesfield and Liverpool and their nationwide team of account managers.
Paul Moors, CEO of Bollington, commented:
“We are very pleased to add the experience of the Ashgrove management team and staff to our group. This acquisition fits well with our model of providing quality insurance and services to niche markets, particularly in serving landlords, motor fleets and the manufacturing sector.
“I have known Stephen Duffy [Ashgrove’s MD] for many years. We share the same principles, growing our businesses in collaboration with others to offer our clients the best quality of service they can expect from their broker. It’s great to welcome them to Bollington and a new chapter of success for us all.”
Stephen Duffy, Ashgrove Insurance MD, commented:
“This is an exciting time for us all. Becoming a part of Bollington gives Ashgrove’s clients access to additional insurance products and the combined strength and experience of the wider group.
“Like Ashgrove, Bollington are renowned for offering a high-quality, personal service to all clients. We very much look forward to working together.”