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First Acquisition of 2015 for A&T

Julian Boughton - First Acquisition of 2015 for A&T

Alan & Thomas Insurance Group has made their first acquisition of 2015 by buying fellow Brokerbility broker Bennetts Commercial Ltd in Basingstoke.

Bennetts will continue to trade in their own name initially and their existing team will all be retained and led by Director Carole Lowe, who has been with the Basingstoke broker for five years.

"As a team, we are delighted to become part of Alan & Thomas Insurance Group. We have witnessed over recent years how they have grown their business and profile, and we are looking forward to working with them to build an even more successful office in our region" said Carole.

Chief Executive Officer of Alan & Thomas, Julian Boughton, is equally thrilled with the news, "We have been on the acquisition trail over the last twelve months and completed two buy-outs in the second half of 2014. To begin 2015 by adding Bennetts to the A&T Group is a great coup for us. As a fellow Brokerbility member, we were well aware of the solid business that they had built since 2002 when they launched.  The synergy between our two businesses was apparent right from the start of early discussions and we're looking forward to working with the team in Basingstoke to grow the business even further".

"By having a presence in Hampshire, we can now offer even more focussed services to businesses and private individuals in the Hampshire and M3/M4 corridor areas. This is another step in our plan to create an even larger office hub footprint in the South of England".

The Poole-based broker, the only independent to have achieved Chartered Insurance Broker status in Dorset, now has five offices based in the South / South West region (Poole, Gillingham, Dorchester, Frome and Basingstoke) and controls in excess of £30 million GWP.