A corporate team including partner’s Greg Sher and Stephen Hadlow acted for CBG Group PLC, an insurance broker, financial adviser and healthcare specialist, on its acquisition of Marcus Hearn & Co from the Marcus Hearn Group.
The acquired business specialises in niche insurance products and general insurance broking services directly and through a network of some 450 brokers. The group reported a pre-tax profit of some £70,000 from a £1.3 million turnover in the year to October 2006, and represents a fantastic opportunity for CBG to extend its operations further outside the northwest.
Greg commented: “For Shammah Nicholls, this was an opportunity to reinforce its excellent relationship with CBG. We are proud that we could help CBG successfully complete this acquisition with the minimum of fuss”.
The company will continue to trade as Marcus Hearn and be led by its existing management. |
