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New Deal


Announced

Radius to acquire The Burley Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Pending

Insurance Brokers

Friendly

insurance broker

United Kingdom

Acquisition

Private Equity

Single Bidder

Synopsis

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Inflexion-backed Radius Payment Solutions, a payment and fleet services company, agreed to acquire The Burley Group, an insurance broker. Financial terms were not disclosed. “This move is a great move for Radius as it significantly strengthens our insurance division with a company that has a long history of providing great service to its customers. We plan to both significantly expand the sales operation as well as create new products driven by data from our telematics platform. We look forward to working with the MD Matthew Mawson and his experienced team over the months ahead as we start to develop and execute our plans,” Bill Holmes, Radius Payment Solutions Chief Executive.

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