The Ardonagh Group’s SME broking platform Ardonagh Advisory has expanded its enterprise by buying AMS Insurance coverage Options.
Based in 2008 and headquartered in Nailsea, Bristol, the UK, AMS is a regional dealer that provides business and private strains insurance coverage.
It has experience in development, manufacturing, legal responsibility and warehousing and distribution choices. The corporate additionally provides numerous insurance coverage merchandise for small companies.
A staff of three administrators, together with Andrew Burrell, Mark Evans and Simon Thomas, is presently heading AMS.
The brand new deal marks the third mergers and acquisitions (M&A) transaction performed by Ardonagh Advisory in every week after PB Curran and Sentinel Insurance coverage Options.
Upon the completion of the most recent deal, AMS will turn into a part of Ardonagh Advisory’s Towergate Insurance coverage Brokers enterprise.
The small print of the transaction haven’t been disclosed.
AMS will work with Towergate’s present staff at Bristol to enhance its experience in business strains.
The deal may even bolster Ardonagh Advisory’s footprint within the south-west of England.
Ardonagh Advisory chief business officer Phil Bayles stated: “As our third ‘hat-trick’ deal of the week, the addition of AMS Insurance coverage Options provides actual trigger for celebration and is but additional demonstration of our technique to put money into top-quality companies that convey worth to Ardonagh Advisory.
“AMS is a enterprise that matches neatly into Towergate and the broader Ardonagh Advisory platform, enhancing our presence within the south-west and our provide to shoppers.”
Ardonagh Advisory is primarily an advice-led, community-focused enterprise.
Andrew Burrell stated: “Becoming a member of Ardonagh represents the pure subsequent step in our firm’s journey.
“As a part of the Ardonagh Advisory platform, we are going to profit from elevated shopping for energy and entry to a wider vary of services, in the end enhancing our provide to shoppers.”