Aston Lark, a chartered insurance broker backed by Goldman Sachs, has acquired motor trade specialist DNA Insurance Services to further fortify its motor trade expertise.
Financial terms of the deal were not revealed.
Founded in 2003, DNA Insurance offers additional services across business insurance and private client as well as home and car insurance. It has offices in Romford and Southampton.
The deal adds over 10,000 customers to Aston Lark.
Aston Lark Group CEO Peter Blanc said: “DNA have grown really well by specialising in hard to place and challenging motor trade which sits extremely well alongside our Road Runner business.
“Between DNA and Road Runner we will be the broker of choice for every type of motor trader, and we look forward to working with Danny and his team to grow in this area.”
DNA Insurance managing director Danny Imray added: “I’m hugely proud of the hardworking and loyal DNA team, and this needed to be the right fit for us. After getting to know Peter and Stuart, we’ve really bought into the genuine customer-first ethos of Aston Lark.
“We’re excited about working even harder going forward and growing further both organically and through acquisition with the additional resources we’ll have available to us as part of the Aston Lark Group.”
Last month, Aston Lark acquired Balbriggan-based North County Brokers and Venture Insurance Brokers in separate deals.
In November last year, the company snapped up two new brokers that were owned by Accelerant Holdings-subsidiary Risk Alliance Group.
The acquired entities were Risk Alliance and Risk Alliance International.