
Inflexion merges insurance brokers Bollington and Wilsons
Inflexion has completed the buyouts of Bollington Insurance Brokers and Wilsons Insurance Brokers, merging the companies to create the Bollington Wilson Group.
The new company is expected to generate gross written premiums of around £120m, but both brands will continue to operate as independent brands. The firm will focus on expansion in the UK, through organic growth and acquisitions.
The deals were completed using capital from Inflexion's Buyout Fund IV, which closed on £650m in 2014 and provides equity tickets in the £15-75m range.
Company
Bollington is an insurance broker founded in 1973 and based in Cheshire. It focuses on a variety of areas including business insurance, motor trade insurance, and care and charity insurance. Bollington employs 40 people and turned over £12.7m in 2016, with profit before tax of £1.5m.
Wilsons was founded in 1969 and is based in Manchester. In 2016, Wilsons had turnover of £14.5m and EBITDA of £2.7m. It has 200 employees.
People
Bollington Wilson Group – Paul Moors (CEO); John Wilson (chair).
Inflexion – Simon Turner (managing partner).
Advisers
Vendor – TMG Corporate Finance (corporate finance); Dow Schofield Watts (legal).
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