London-based Aston Lark has acquired Bainbridge Collins, an insurance broker and specialises in the ‘mid corporate’ sector, for an undisclosed amount.
Established more than three decades ago in Birmingham, Bainbridge Collins provides insurance broking service, and risk management service.
Aston Lark Group CEO Peter Blanc said: “We are delighted to welcome Cyril and his team into Aston Lark. This acquisition is another great addition to our West Midlands operations and further enhances our mid-corporate capability in the region.
“There is an excellent cultural fit, and we are confident the business can continue to prosper and grow, benefitting from our group scale and breadth of resources and expertise.”
Bainbridge Collins founder and managing director Cyril Gallagher said: “The company has built up an enviable reputation over the years as a broker providing exemplary service, whilst still maintaining that all important personal touch.
“This in turn has led to us achieving very strong client retention levels, with what is a loyal and long-standing customer base.
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“However, as a company you must always have one eye to the future and this acquisition brings a wealth of opportunities not only for our clients, but for my wonderful long-standing staff too.
“We now look forward to further enhancing our overall value proposition through being part of the wider Aston Lark Group.”
Last week, Aston Lark made its 40th acquisition since its formation in 2018, with Absolute Products deal.
This deal also marks Aston Lark’s 24th acquisition in this year.
Set up in 2002, Leighton Buzzard-based Absolute Products offers a bespoke service to private clients and commercial insurances for businesses.
Earlier this month, Aston Lark acquired S Johnson & Company, a provider of insurance cover to a range of commercial clients.
The acquired entity also offered bespoke insurance solutions for the music industry for over two decades and personal household insurance.