Chester based insurance brokers Risk Services (NW) Ltd has acquired the clients and staff from an ailing Chester firm to form the largest independent broker in Chester, and one of the largest in the North West and North Wales.
Key advisors to Risk Services (NW) Ltd. were Paul McGerty of McLintocks Accountants and Anton Stirret of solicitors Hillyer McKeown. The required funding was provided by Royal Bank of Scotland (RBS) through Senior Relationship Manager, Martin Johnson.
Steve Lowe, Managing Director of Risk Services (NW) Ltd. said; “This is a key acquisition for us, and by acting quickly we have kept jobs and businesses in the City of Chester.” He added; “My fellow directors, Phil Hazlegreaves and Tom Penn and I would like to reassure the Astbury Wren clients that the management team at Risk Services (NW) Ltd will ensure a smooth business transfer and we will be happy to talk to any clients who may have concerns.”
Risk Services (NW) Ltd was established in 1999. Since then it has continued to build a strong reputation for quality and service and the firm has grown steadily, partly through the acquisition of a number of smaller brokers prior to the Astbury Wren opportunity.
Steve Lowe commented; “I would like to thank Anton and Paul, and also Martin from RBS for their assistance with the deal. This is a good news story for Chester. We are a growing company with an ambitious management team and I am looking forward to working with the clients and staff of Astbury Wren.”
