Giles Insurance Brokers acquire Sutton Barnard

by Richard Kilner

Story link: Giles Insurance Brokers acquire Sutton Barnard

Giles Insurance Brokers has made Sutton Barnard Ltd its latest acquisition.

Sutton Barnard Ltd commands £5m of premium income and specialises in motor trade, hotel, pub and bed & breakfast and printing industries.

Peter and Allison Barnard founded and managed the firm and are to retain positions as consultants but will retire from their director roles.

Giles Insurance’s chief executive, Chris Giles, explained that the latest acquisition was part of the firm’s long term drive to acquire businesses that began with a £500m capital injection from private equity backers.

Giles went on to explain that he believed there were great opportunities for business growth in the south of England, and that Sutton Barnard would help bolster the firm’s presence in the region.

Giles Insurance’s acquisition strategy was greatly assisted following the recent £500m of capital granted by Charterhouse Capital Partners and Bank of Scotland Corporate.

Last month alone the firm acquired Robinson Leslie, Midland Risk Management and DS Howell.