Gallagher announces acquisition of UK-based Bridge Insurance Brokers Limited. Expand its real estate and construction capabilities.
The acquisition has received regulatory approval. Terms of the deal were not disclosed.
Founded in 1970, Bridge is a family-owned commercial insurance brokerage specializing in real estate, construction, corporate and private client insurance. The company has offices in Manchester and London and employs around 110 people.
According to the announcement, the current leadership team, CEO Roger Potts and directors Alex Cohen and Andre Backner, will continue in their roles upon completion of the acquisition.
Bridge will be integrated into the commercial operations of Gallagher’s UK and Ireland retail business, which is focused on meeting the insurance and risk management needs of mid-market organizations, leveraging Gallagher’s support. Office network spread across the UK.
Nick Harris, chief executive of Gallagher’s UK and Ireland retail division, said: “Bridge is a fantastic business that further strengthens our commercial footprint in the UK and we are delighted to welcome more than 110 new colleagues to Gallagher.
“The firm is a corporate broker with a long trading history and a strong presence in a number of specialist areas, particularly property and construction, both of which Gallagher already has a significant presence, so it is highly complementary to our existing business.
He added: “Culturally we clearly have a strong fit with shared values ​​and this partnership provides a fantastic opportunity for our expert teams to combine expertise to deliver greater value to our clients. I look forward to working with Roger and the wider team as we bring the business together for the benefit of clients and colleagues.”
Roger Potts, CEO of Bridge Insurance Brokers, commented: “We are delighted to be part of the Gallagher team to lead our business into the next exciting chapter, building on the outstanding client capabilities and expertise developed over the past 50 years.
“Despite its size, Gallagher retains a close family feel and its strong emphasis on culture, collaboration and commitment to service excellence aligns perfectly with our own values. This partnership provides an excellent opportunity for our team of experts to pool their expertise to deliver greater value to our clients.”
