The company’s second acquisition deal in the last six months
Independent insurance broker, Erskine Murray, has announced that it has acquired Essex-based brokerage Asciak Holdaway Merritt Ltd.
This is the company’s second deal in the last six months having recently acquired Offley Insurance Ltd, a Cheshire-based insurance broker, to boost their presence regionally throughout the UK.
Tom Bartleet, CEO at Erskine Murray commented: “Combining our strengths as a growing broker with Asciak Holdaway Merritt’s specialist expertise and market insight will significantly enhance our capabilities within the London region and professional indemnity insurance sector.
“The acquisition marks a big growth opportunity for us within the professional indemnity insurance space. As we continue to grow in the right way, both organically and via targeted acquisitions activity, we continue to develop our service offering to ensure we are in the best position to serve our clients.”
This deal will strengthen Erskine Murray’s UK reach and see Asciak Holdaway Merritt clients benefit from additional services as part of a larger organisation. For Asciak Holdaway Merritt employees it also presents enhanced career and development opportunities.
Alan Wheeler, Commercial Director at Erskine Murray added: “This is a key acquisition for Erskine Murray as we begin the New Year. It is the latest example of our proven track record in acquiring well established and quality brokers.
“Our vision has always been to actively seek sound local businesses who share our ethos for excellent client services within the local community and beyond. Asciak Holdaway Merritt share this passion and hence they are the perfect fit for us. Our aim is not to change the business but to simply enhance the range of products and services available to their current loyal client base.
Asciak Holdaway Merritt Ltd has over 20 years experience within the professional indemnity Insurance sector, a loyal client base and is highly well regarded in this specialist segment. For the short term Asciak Holdaway Merritt will retain their brand under the Erskine Murray umbrella.
Alan added: “We are delighted that Richard will be continuing on in the business and we look forward to working with him and the team this year. Richard will also join Erskine Murray’s Commercial Board as ‘Head of Professional Indemnity’.”
Richard Holdaway, Asciak Holdaway Merritt Ltd commented: “The original founders have run Asciak Holdaway Merritt for some 20-years, hence entering into discussions with Erskine Murray was not an easy decision for us. However, from the outset I knew that we would be working with like-minded people, who shared our work ethic.
“I believe that Erskine Murray will enable us to grow and provide our clients with an extended service to deliver real benefits, at the same time as retaining the personal service that is so important to us. We look forward to an exciting future together.”