Landmark MGA takes fresh cash to M&A market, inks two deals
UK-based specialist managing general agent (MGA) Landmark is taking freshly raised cash to the M&A market, sweeping up its second and third acquisitions since inception.
Landmark claimed two new, albeit unnamed, acquisitions to follow a recent debt raise from BOOST&Co.
The first, a specialty Teacher Replacement scheme, is said to “expand the company’s national footprint with a base in Leeds.”
The second, a specialist commercial property underwriting team, gives Landmark their third, but unspecified, U.K. base offering access to “new geographical areas.”
Landmark's owners, Ross Lazaroo-Hood, Sitki Gelmen and David Robinson “will continue to pursue organic and non-organic growth opportunities, looking for attractive and value-add propositions,” management said in its statement.
Landmark's managing director David Ratledge (pictured) commented: “We are thrilled with these first two acquisitions by the Landmark team. These will bring new opportunities, increase our scope in terms of diversifying to become a growing multi-product MGA and provide additional capacity and geographical footprints. The team and I are very much looking forward to the next stage of Landmark's planned growth, nurturing our new teams and having them working with like-minded individuals within the Landmark family.”
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