Announced
Completed
Financials
Sources
Tags
Completed
Acquisition
Private
Single Bidder
insurance brokerage services
Friendly
Insurance Brokers
United Kingdom
Private Equity
Synopsis
ECI Partners, a UK private equity group, acquired Clear Insurance Management, a provider of insurance brokerage services. Financial terms were not disclosed. Paul McCreadie at ECI Partners commented: “Clear operates in a very large and stable market and is a business with a strong reputation. It has deep knowledge of product specialisms and has long-standing relationships with insurers and customers. Clear has a successful track record pursuing sustainable acquisitions which have been well integrated into the core business and we want to continue this strategy. We are really pleased to partner with Howard, Gary and their team as they advance to the next stage of growth.”
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