BMS Group, the independent specialist insurance and reinsurance broker, agreed to acquire David Roberts & Partners, an independent insurance broker, from Inflexion, a private equity firm, for £450m ($578m). "This landmark transaction is a significant strategic step for BMS and a very proud moment in our company’s evolution. By aligning these two businesses, both of which have market-leading organic growth and ambitious expansion plans, we create a formidable force. We are delighted that DR&P selected BMS as their new home amidst considerable global interest. Our shared values, such as a commitment to people development, a growth mindset, employee ownership, empowerment, and a determination to maintain independence were pivotal in the decision," Nick Cook, BMS Group CEO.