PIB acquires York insurance broker
London-based PIB Group has acquired independent insurance broking and risk management company DE Ford based in York.
Following the deal, DE Ford's managing director Chris Greenall and the management team will continue to lead the business.
Ryan Brown, chief financial officer of PIB, commented: “It is great news that we have been able to continue the momentum of 2016 and announce DE Ford as our first acquisition of 2017.
"We have been extremely impressed by Chris, his team and the business generally since we started discussions and look forward to working closely with them to continue building on their past successes. The expertise that DE Ford has in specialist markets such as charity and care in particular will further enhance the reputation we have through our previous acquisitions."
Chris Greenall, managing director of DE Ford, said: "The investment from PIB will help build on the strong platform and excellent reputation that the business enjoys and all of our team are thoroughly looking forward to the opportunities that being part of PIB will create. With greater financial resources to support organic growth, we are excited about the future for the business."
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