CP ADVISES BLIXT ON THE ACQUISITION OF ACADEMY INSURANCE SERVICES


Niall Chantrill
24 October '23

2 minute read

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Our Corporate Finance team is pleased to announce another transaction in the professional services sector, this time advising Blixt on the acquisition of Academy Insurance Services – a commercial and personal lines broker focused on providing advice-led insurance services to businesses and individuals.

At the heart of the AIS growth strategy is the continued investment in its team and leveraging of technology to unlock new opportunities for the business and its client base. This will be complemented by acquisitive growth.

The investment will be led by Gilles Normand and Richard Beaven as CEO and COO respectively, bringing decades of experience in the broking market, and with Brendan McCafferty joining as Chairman.

Carl Harring, CEO at Blixt said:

“We are delighted to have completed our investment in AIS. Over several months working closely together, we have been impressed by the quality, track record, and ambition of the business. We really look forward to partnering with the team at AIS and other like-minded firms to help accelerate growth.”

Niall Chantrill, Associate Partner, said:

“M&A activity within the UK insurance broking market remains buoyant as the sector transitions through profound change with new regulations impacting all firms – this is expected to drive further M&A activity as the sector continues to consolidate.

We are delighted to have supported Blixt and the management team on this exciting transaction and wish the team all the success for the future.

The transaction follows the sale of leading East Midlands Law firm Nelsons to Lawfront and highlights our commitment to supporting business owners operating across the professional services space.”

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