Overview and key points
Partners& has announced the acquisition of two businesses: Avenue Insurance Partners, a specialist trade credit and surety bond broker and Ko-bolt International, an innovative B2B debt recovery business. The move will boost its wider proposition and is directly in line with its strategy to support clients in building business resilience.
The Avenue and Ko-bolt teams, both lead by Shaun Purrington, were formerly part of Tavistock Group, and have been long term ecosystem partners of Partners&, sharing its commitment to delivering exceptional risk protection advice to corporate clients across the UK.
The deal brings mutual benefits, offering Partners& clients direct access to specialist trade credit insurance advice, and the Avenue team the ability to provide a broader range of advice and services through a parent with shared values and ethos.
The business has a national footprint and will be led from the new Partners& South-West hub office in Bristol.
Phil Barton, Partners& Group CEO, said: “Shaun and I have worked together for many years. We share the same burning desire to create a stand-out business that is fully focused on the needs of clients. Many of our clients already work with Shaun and his team, so bringing the team fully into Partners& made great strategic sense. I’m confident this will be a great move for the team, both personally and commercially, and will enhance the range of advice we can provide our clients.”
Shaun Purrington, Managing Director, Avenue, said: “It’s been a privilege to lead Avenue from start-up through to a market leader, with the backing of Tavistock Group, and the support of our colleagues, clients, introducers and insurer partners, who have contributed to our success. I’m delighted that we can now continue our journey as part of the Partners& team and benefit from the additional expertise and commercial reach to support our clients and deliver continued growth.”
About Avenue Insurance Partners
Avenue is an independent insurance broker specialising in the market placement of UK and international Credit Insurance and Surety Bonds. We have specialisms across all sectors and work with companies of all different sizes from SMEs to multi-nationals.
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