Deal Background
Risk Services is a leading independent commercial insurance broker based in Chester.
Established in 1999, the company has grown through recommendations and acquisitions and has a reputation for combining technical expertise and the ability to negotiate and influence at the highest level within the insurance market.
Arthur J Gallagher & Co. is one of the world’s largest insurance broker and risk management firm with a network of independent insurance brokers in more than 150 countries.
How Langtons Helped
Langtons acted as Lead Advisors to the shareholders of Risk Services, providing assistance during financial due diligence and support and negotiation throughout the legal process.
Results
The sale was completed successfully, with the vendors remaining post completion to continue the development and growth of the business within the AJG group.
Michael Rea, CEO of UK Retail Gallagher, said “"It's great for Gallagher to be back buying broking businesses in the UK, and Risk Services is exactly the right type of well-run, client-focused regional broker that complements our existing branch network so well. Risk Services is a fantastic addition to our cluster of offices in the North West. We are delighted to welcome them into Gallagher and very much look forward to working with the team."
Langtons provided invaluable advice and professional service throughout the sale process. Their commitment to achieving the best outcome for us was instrumental in helping us reach this result.
Risk Services (NW) - Steve Lowe
