Ardonagh Advisory, the Ardonagh Group’s SME broking platform, announced it has acquired Anderson & Co. (Holdings) Ltd., along with its wholly owned subsidiary Anderson & Co (Insurance Brokers) Ltd. (ACIB).
Financial details of the transaction were not disclosed.
Established over 50 years ago, Anderson & Co. has become a leading broker in Blackpool, specializing in commercial and personal lines. The business, which has built a strong reputation for quality and client service, was acquired by Christine McLellan in 1993, who will continue to lead as managing director.
The Anderson & Co. team will join the North Division of Ardonagh Advisory General Insurance (GI) Broking, led by Stephen Boyd, North Divisional managing director.
This acquisition further strengthens Ardonagh Advisory’s footprint in the North (of England), adding a highly reputable and well-established business to its portfolio, the broker said.
“I am thrilled to welcome Anderson & Co to Ardonagh Advisory. Their commitment to building strong client relationships and delivering exceptional service aligns perfectly with our values. With their decades of expertise and strong reputation, they will play a key role in strengthening our presence in Lancashire and driving future growth,” commented Stephen Boyd, managing director North Division, Ardonagh Advisory GI Broking.
“This is an exciting step for Anderson & Co as we join forces with Ardonagh Advisory. Their resources and support will allow us to enhance our offering while staying true to the values that have defined our business for over 50 years. I look forward to continuing to lead our fantastic team and building on the strong foundations we have created,” said Christine McLellan, managing director of Anderson & Co.
About Ardonagh Advisory and Ardonagh Group
Ardonagh Advisory Broking Holdings Ltd is The Ardonagh Group’s SME broking platform comprised of Bravo Networks, Footman James, Geo Underwriting, Hera Indemnity, Lorega, Towergate, Towergate Health & Protection, Thompson & Bryan and Usay Compare brands. The Ardonagh Group is one of the world’s largest independent insurance distribution platforms and a top 20 global broker.
Source: Ardonagh Advisory
Topics
Mergers & Acquisitions
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