Inflexion-backed Bollington acquires Ashgrove

Inflexion Private Equity-backed Bollington Insurance has acquired commercial insurance broker Ashgrove Insurance Services.

Inflexion provided no fresh equity for this latest acquisition.

In 2017, the firm acquired Bollington and Wilsons Insurance Brokers, drawing funds from Inflexion Buyout Fund IV, which offers equity tickets of £15-75m.

Since 2012, Ashgrove has acquired five businesses in the north-west of England, including Barker Robb South and Lloyd Howard Insurance Services.

Company
Ashton-under-Lyne-based Ashgrove was founded in 1981 and offers commercial insurance brokerage.

People
Bollington Insurance – Paul Moors (CEO).
Ashgrove Insurance Services – Stephen Duffy (managing director).

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