Announced
Financials
Tags
Majority
Private
Pending
Insurance Brokers
Friendly
insurance broker
United Kingdom
Acquisition
Private Equity
Single Bidder
Synopsis
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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