Bollington Insurance has finalised its third acquisition of 2020, with CLA (Risk Solutions) Limited becoming the latest company to join the group.
Founded in 2007, West Midlands-based CLA (Risk Solutions) are a commercial insurance broker trading from Sutton Coldfield, with a satellite office in Stafford.
Lines of business include haulage and transport, telematics, and property, alongside a strong book of personal lines business.
The purchase of CLA adds 19 staff and over £9m GWP to the group.
With the recent acquisitions of Ashgrove Insurance Services and Prophet Trade Credit, CLA’s purchase comes at a busy time for Bollington, adding a combined total of over £16m GWP to the group since the turn of the year. This pushes the group above the £180m GWP mark.
Paul Moors, CEO of Bollington, said:
“With CLA Risk Solutions becoming the latest company to join our group, we are demonstrating our clear intent to sustainably grow the business in line with our clients’ needs.
“The balance of business at CLA complements our product offering and expands our regional presence. They are a good local broker with a reputation for delivering a tailored personal service. This makes them a good fit for our acquisition and growth model.
“I have personally known Adrian Littler for over 25 years. We are very pleased to complete the deal and have them on board.”
Adrian Littler, MD of CLA Risk Solutions, commented:
“Completing this deal is great news for our clients. CLA is now part of a fast-growing and diverse group that is nationally recognised.
“Our clients can rest assured that this development adds strength to CLA’s relationships with insurers and trading partners, ushering in access to more products and services in the months ahead.
“We are delighted to be part of Bollington and look forward to a successful future as part of the group.”