"GRP has a reputation for supporting ambitious brokerages with a strong entrepreneurial ethos."
- David McGowan WM Brokers Ltd director
Financial details of the transaction were not disclosed.
The Ipswich, England-based firm has been writing insurance in East Angelia for the last 40 years and is a highly respected business with strong links in the business community. WM Brokers Ltd specialises in SMEs, especially haulage.
David McGowan and Toni Vincent-Panich will remain at the helm, directing WM Brokers Ltd alongside their fellow general insurance colleagues. Outgoing director Julie Dyer will also remain with the business for several months to ensure a seamless transfer.
Mike Bruce, GRP chief executive has said:
“Through a combination of single-minded determination, client focus, and astute deal-making we have generated powerful momentum and excellent results. In celebrating our 100th deal we have shown the true value of a devolved, empowered consolidation model, that works for our people, brokers, clients, and our insurer partners.”
Bruce continued that GRP had previously stated their intention to “trade across the whole of England and Wales, as well as Northern Ireland” and that the acquisition of WM Brokers Ltd is an important next step in achieving this nationwide coverage for the group.
“WM Brokers is a high-quality business with a solid footprint in East Angelia,” he added.
David McGowan WM Brokers Ltd director has said:
“It is great to become the 100th and newest member of the GRP family. We see this deal as an opportunity to significantly grow our presence in East Anglia and deliver an ever wider portfolio of products and services to our clients.”
