Broker aims to double in size after six-figure boost

An insurance broker aims to double in size after completing an acquisition.

Delta Corporate Risk has bought a book of clients from Colmore Insurance Brokers.

Bosses say the move will strengthen the Macclesfield-headquartered firm’s ambitions to expand two-fold over the next five years.

Under the terms of the agreement, four members of Colmore Insurance Brokers’ team have joined Delta Corporate Risk, including directors Andy Copeland and Andy Smallwood.

The deal was supported by a six-figure investment from NPIF II – FW Capital Debt Finance.

Justin Lawson, managing director at Delta Corporate Risk, said the move – which has been complemented by office openings in Essex and the South West – “fits exceptionally well” with the firm’s national growth strategy.

He added: “The Colmore Insurance Brokers team has built an excellent business and earned a loyal customer base, and their expertise will provide many more opportunities for growth.”

The deal was secured by the funding team at Leonard Curtis, which negotiated a financing package with FW Capital after being introduced to Delta Corporate Risk by accountancy practice Thompson Wright.

Adam Husband, FW Capital senior investment executive, said: “Delta Corporate Risk is a fantastic business that is embarking on a new stage of growth, which they can pursue with confidence thanks to the funding provided.”

Ellie Woodhouse, Leonard Curtis business development manager, added: “We’re really pleased to have been able to work closely with Justin and the team.

“The lending market remains very fragmented, which highlights the importance of working with an experienced broker.”

NPIF II – FW Capital Debt Finance is managed by FW Capital as part of the British Business Bank-led Northern Powerhouse Investment Fund II.

Sue Barnard, British Business Bank senior manager, said: “This investment is supporting the company’s expansion, while also enabling sustainable growth and job creation across the North West.”

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