Aston Lark, the London-based insurance broker that is backed by Goldman Sachs, announced the acquisition of S. Johnson & Co. Ltd.
Established in 1990 and based in Birmingham, England, with a dedicated team led by Steven Johnson and Graham Ettrick, Johnsons provides insurance cover to a range of commercial clients.
Financial details of the deal were not disclosed.
In addition, it has provided bespoke insurance solutions for the music industry for more than 20 years and the gun trade for more than 10, as well as high value personal household insurance.
“At Aston Lark we’re really proud of our Lark Music business, where we insure some of the world’s most valuable musical instruments. As soon as I met with Steve and we started talking about Johnsons’ cover notes scheme for musical instrument retailers, the opportunities were really clear and extremely exciting,” commented Peter Blanc, Aston Lark group CEO.
“The gun cover scheme also represents a great opportunity, providing a new specialism for our group, and Steve and Graham’s ethos and customer focus aligns perfectly with ours. I’m delighted to welcome the whole team to Aston Lark, and I look forward to seeing both schemes thrive in their new home,” Blanc added.
Steven Johnson, managing director of Johnsons, said: “Our team has for over 20 years specialized in providing insurance services to clients in the gun and music trades. Our aim has always been to offer personal and expert service to our clients, and we believe that joining the Aston Lark Group will not dilute this objective but instead bring more resources to the table, as well as offering considerable potential for further growth.”
About Aston Lark
Aston Lark has more than 1,600 employees across more than 55 offices in the UK and Ireland, 200,000 customers and around £900 million of GWP. The broker said it has expertise in all commercial sectors, industry-specific schemes, employee benefits consultancy, and a range of private client solutions. Founded in 2018, Aston Lark is an insurance broking consolidator, majority owned by Goldman Sachs.
Source: Aston Lark
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
Former Congressman Charged After Collision with State Trooper in Florida 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
Why New York’s Attorney General Objects to Trump’s Bond Insurer 
