Birrel Group, which trades as Kingsway Insurance Services, has acquired Managed Risk Solutions (MRSL), a specialist commercial insurance broker based in Northampton.
This is Birrel Group’s first acquisition since becoming a part of Global Risk Partners (GRP).
All of MRSL’s employees will remain with the firm after the acquisition and it will retain both its brand and office facilities.
John Meadows, MRSL’s director, said: ‘‘We have had fruitful discussions with James and Leigh Birrell and are excited by the opportunity to become part of the wider team, with additional access to the services and financial muscle of GRP.’’
James Birrell, director of Birrell Group said: ‘‘John heads up a quality business with good community connections and some exciting portfolios.
‘‘I am delighted that MRSL is our first acquisition as part of GRP. We are confident of landing more deals as we seek to build our Midlands presence.’’
Stephen Ross, head of M&A for GRP, added: ‘‘When investing in the Birrell Group, we were confident that they would quickly find more opportunities for us and MRSL gets us off to a great start.’’