DARWEN-based acquisitive private medical insurance (PMI) specialist Chase Templeton has rounded off a busy year with the completion of three new deals.
The acquisitions bring in a further £2m in annual premium income to the Arkwright Court firm and includes Southport-based Ludlow Wealth Management Group, which has chosen to exit the PMI market as it is a non-core activity.
The company has also bought Private Medical Insurance Advisors Ltd of Andover, Hampshire, and JVA Healthcare Services Ltd of Pinner, west London.
Jeff Tate, mergers and acquisitions director, said: “These three new acquisitions, the latest in a long line, further strengthen Chase Templeton’s presence.”
within the SME market in which we are now a major player.
“The purchase of Ludlow’s PMI book also marks a significant milestone as financial planners and IFA PMI books are very much on our shopping list. For most IFAs PMI is increasingly unprofitable, an unwelcome diversion from their core profit centres and we therefore expect the sector to provide further acquisition opportunities going forward.”
This crowns a successful year for Chase Templeton, bringing the total number of deals completed in 2014 to 26.
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