Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of Philp Williams & Co. as the latest addition to the group.
Philip Williams & Co. was established in 1975 in Stockton Heath, Warrington, in England. It has become the leading provider of group insurance schemes to the police federations and other law enforcement agencies in the UK. With a team of more than 30, the company has “an excellent reputation for innovation and exemplary service in the police market,” said Aston Lark in a statement.
Financial terms of the deal were not disclosed.
Aston Lark has acquired more than 40 companies deal since its formation in 2018 with 28 deals in 2021 alone.
“We love specialisms at Aston Lark, and it is always our objective to aim for a leading position in our chosen specialist areas. The Philip Williams business has an amazing pedigree and lasting reputation in their chosen field, and now with access to an even wider range of group expertise and relationships, we are confident we can help the business accelerate growth and broaden its span of influence,” commented Peter Blanc, Aston Lark Group CEO.
“And most importantly, the cultural fit is excellent – the business comes with a fantastic team, wanting to do the very best for their clients,” added Blanc.
“We couldn’t have hoped for a better long-term partner to grow the business and enhance the excellent service we already provide to our clients,” said Philip Williams, chair and founder of Philip Williams & Co.
“We have been very selective about the right home for the company and Aston Lark was selected as the perfect partner, with shared ethics and ideology towards providing the best customer service and range of products to our clients,” stated Steven Williams, managing director of Philip Williams & Co. “We are very much looking forward to building the business going forward, with the additional resources and expertise that the Aston Lark Group can bring to the table.”
Currently backed by Goldman Sachs but soon to be acquired by Howden (as announced on Oct. 13, 2021), Aston Lark employs more than 1,600 employees across more than 55 offices in the UK and Ireland, with 200,000 customers and more than £900 million of GWP.
Source: Aston Lark
Topics Agencies
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