Goldman Sachs-Backed Aston Lark Acquires UK Broker Plester Group

August 4, 2021

Aston Lark, the London-based insurance broker backed by Goldman Sachs, announced the acquisition of Plester Group.

Established in 1964 and based in Kidderminster, England, with a dedicated team of 19, the Plester Group provides solutions for commercial, personal and specialist insurance clients.

Financial details of the deal were not disclosed.

“We’re delighted to welcome Justin and his team to Aston Lark, further strengthening our presence in the Midlands. From my early discussions with Justin, it was clear that there is an excellent cultural fit between our businesses, and I have great confidence that Aston Lark will prove to be a great home for all of the Plester team and their clients,” commented Peter Blanc, Aston Lark group CEO.

“We are very excited to be joining the Aston Lark Group as we believe their ethos of providing excellent customer service mirrors our own. Our specialist offerings, which include contracting and motor trade, are aligned and we believe that, with the additional resources of the Aston Lark Group, there will be great benefit to our existing clients and huge potential for continued growth, whilst still maintaining the personal service on which we have built the business to this point,” said Justin Griffiths, managing director of Plester Group.

About Aston Lark

With over 1,500 employees across 50-plus offices in the UK and Ireland, 200,000 customers and more than £700 million of GWP, Aston Lark said it has expertise in all commercial sectors, industry-specific schemes, employee benefits consultancy, and a range of private client solutions. Founded in 2018 and based in London, Aston Lark is an insurance broking consolidator, backed by Goldman Sachs.

Source: Aston Lark


Topics Mergers Agencies

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