Fleet And Commercial Set To Boost London-Based Insurance Intermediary’s Growth Plans
The London Corporate team at Irwin Mitchell has advised specialist insurance broker, Fleet and Commercial, on its sale to Specialist Risk Group (SRG).
Founded in 2011 and based in Oxfordshire, Fleet and Commercial supports a range of different businesses including tradespeople, SMEs and large corporates.
Fleet and Commercial will now form part of London-headquartered SRG’s growing retail division, Specialist Risk Insurance Solutions (SRIS), which is led by Oliver Thorne who was announced as its managing director last October.
Tony McLeman and Tom West from Fleet and Commercial will continue to lead the business to deliver an ambitious organic and strategic growth plan over the coming years.
Debbie Serota, Corporate partner at Irwin Mitchell, along with colleagues Ben Gale (Senior Associate), Christian Vale (Associate) and Deirbhile Lynam (Solicitor) advised on the transaction.
Expert Opinion“We are delighted to have advised on this deal. Fleet and Commercial has grown rapidly in recent years and is the ideal partner to enhance SRG’s existing commercial motor capability and boost the continuation of its expansion plans.” Debbie Serota, Corporate partner at Irwin Mitchell.
Lee Anderson, SRG deputy CEO, said: “Fleet and Commercial is a leader in its field with a culture very much aligned to ours, which will add tremendous value to our existing motor capability. They are an ambitious, forward-thinking business and we are looking forward to working together in the future.
On the back of an outstanding year of organic growth in 2022, SRIS is in a great position and poised to go from strength to strength, and I know the Fleet and Commercial team will play a significant contribution to achieving our goal.”
Tony McLeman, Fleet and Commercial’s company director, added: “This marks the start of an exciting new chapter for us all at Fleet and Commercial. Specialist Risk Group is a natural partner for us as we enter our next phase of growth. It shares the same principle of being a high-growth, people and culture focused business.”