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Daily Insurance Industry News
Tuesday 23rd of January 2018
June 16, 2011

Markerstudy acquires Tonbridge Coachworks

by Gill Montia

Story link: Markerstudy acquires Tonbridge Coachworks

Markerstudy has acquired Tonbridge Coachworks Vehicle Repair Group (which includes Tonbridge Coachworks, European Automotive Solutions and Canterbury Accident Repair Specialist).

With over 900 members of staff and annual revenue in excess of £500 million, the move should provide a secure platform for the firm to expand.

Commenting on the transaction, Markerstudy group chief executive officer, Kevin Spencer, says: “This is a new chapter in the story of a very successful local business.”

Last week, Markerstudy acquired Blagrove Insurance Brokers, which is based in Carterton, Oxfordshire.

The fleet insurance specialist with GWP of £4 million was established in 2004 and the acquisition is in line with Markerstudy’s strategy of developing its commercial portfolio.

 

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