US broker AssuredPartners has successfully acquired Borland Insurance from its founder and Chief Executive Officer John Silcock.
Following completion, the business will continue to be led by Silcock, with the intention of using the team’s expertise and networks to drive organic growth of the combined group.
The team of 30 will all remain in place, further supported by the continued leadership of Silcock.
M&A specialist Morphose Capital Partners were advisors to Borland throughout the process.
“Nick, Dave Seaton and the whole team at Morphose have added value during every step in the process,” said Silcock.
“Morphose took the time to thoroughly understand the cultural values of Borland and the rationale behind my objectives for Borland’s future.
“Whilst I was in the privileged position of having a significant amount of interest in Borland, AssuredPartners were quickly identified as being the right fit. I am delighted to be partnering with AssuredPartners and assisting with the growth of the UK Regional business.”
Morphose Managing Director Nick Atherton commented, “It has been a pleasure working with David and his team at AssuredPartners. We wish them every success in growing their UK Regional business.”