Radius Payment Solutions, the group behind the telematics and fuel card brands Kinesis and UK Fuels, has acquired The Burley Group, a provider of fleet, transportation and construction insurance.
Established in the 1950s, The Burley Group is one of South Yorkshire’s largest independent insurance brokers. Last year the company won the Insurance Times Silver Award for Commercial Lines Broker of the Year and in 2014 won the Insurance Times Award for Excellence in Motor Broking.
In joining Radius, Burley see significant opportunities for growth of their fleet insurance business, not only through access to 1.2 million UK Fuel card holders, but also in the development of telematics linked products; a key growth area for insurers.
Earlier this year Radius was recognised as one of the UK’s largest private companies and ranked 19th in the 2019 Sunday Times HSBC Top Track 100 list having seen turnover grow to 2.5 billion in 2019. The Burley Group acquisition is part of a diversification strategy by Radius that was first established by owner Bill Holmes as a fuel card company in 1990 and is now one of the world’s leading suppliers of fleet management solutions to a wide range of businesses.
“This move is a great move for Radius as it significantly strengthens our insurance division with a company that has a long history of providing great service to its customers. We plan to both significantly expand the sales operation as well as create new products driven by data from our telematics platform. We look forward to working with the MD Matt Mawson and his experienced team over the months ahead as we start to develop and execute our plans,” said Bill Holmes, Chief Executive of Radius Payment Solutions.
“Joining the Radius group of companies represents a fantastic opportunity for the business and our staff. Aligned, as we are, to the transport sector we sit perfectly with Radius’ fuel card and telematics businesses, providing a great opportunity to maximise growth through its divisions,” commented Matthew Mawson, Managing Director, The Burley Group. “We’re particularly excited about the prospect of connecting with its telematics products, and the possibilities this will bring, in addition to the investment that will be made allowing us to expand our footprint across the UK. It’s a great move and a really exciting time for Burley.”