Independent specialist insurance and reinsurance broker, BMS has acquired Austbrokers Coast to Coast (C2C), the specialist Australian corporate, business, and retail broker.
Terms of the transaction have not been disclosed.
Founded in 1982, C2C is based in Burleigh Heads on the Gold Coast in Queensland. The firm specialises in transport, construction, hazardous goods, and SME retail.
In a press release, it notes that BMS will be acquiring C2C in full, with staff and infrastructure transferring into BMS’ existing Australian business.
Additionally, C2C principal Dale Hansen, who is a leading figure in the National Insurance Brokers Association (NIBA), has worked with the business for more than 16 years.
Addressing the acquisition, Hansen said: “This partnership with BMS will be highly beneficial for C2C and its clients. I’m extremely proud of the talented team we have built at C2C, who have been instrumental in getting us to where we are today.”
Andrew Godden, Chief Executive of BMS’ Australian business, commented: “The acquisition of Austbrokers Coast to Coast represents a significant step in the expansion of BMS in Australia, and this latest acquisition further enhances our position in the market. C2C is a multi award winning business with an impressive reputation, notable expertise and strong growth trajectory and will be a great asset to BMS’ Australian offering. It is fantastic to be able to acquire a company like C2C which is highly invested in supporting its people. I very much look forward to working with Dale and the team.”
In December 2022, BMS signed a deal to acquire Spanish specialty insurance broker Eisenar in a move that will further bolster the company’s Iberian regional expansion.
