Browne Jacobson has advised Brokerbility Holdings on the ECI Partners backed acquisition by Clear Group.
The deal will see Brokerbility’s broking, network and technology trading arms BHIB Insurance Brokers, Churchill Insurance Consultants, the Brokerbility Network, software house Brokertech and the software solutions provider and IT platform Brokerbility Information Gateway (BIG) come under Clear Group’s ownership.
The deal will see CEO Ian Stutz and co-founder Ashwin Mistry continue as Chairman of Brokerbility.
Founded in 2006, Leicestershire based Brokerbility is a 27 members strong national alliance of like-minded, high quality independent brokers.
Established in 2001, Clear Group is one of the top 20 independent general insurance brokers in the UK and one of the top 50 insurance brokers overall. As well as specialising in the UK corporate and SME market, it also has expertise in niche insurance verticals including property and construction. This latest deal will see it manage over £200M in premiums, employing over 400 people across 10 offices.
The Browne Jacobson Corporate team comprised Gavin Cummings (Picture), Paul McCannah and Sian Harrison.
Law Firms: Browne Jacobson;
Clients: Brokerbility Holdings;