Stevens & Bolton has advised the management team of Broker Network, the UK’s leading Network for independent insurance brokers, on the acquisition of its second regional broking power house and Broker Network Member, Boyd Insurance.
Established over 40 years ago, Boyd Insurance is now seen as one of Scotland’s premier brokerages, delivering a comprehensive portfolio of insurance and risk management services to businesses across a range of industry sectors.
Broker Network represents the largest network for insurance brokers in the UK. The brand remains the leading proposition in the market in terms of size and breadth of service, with circa 600 Members and over 150 in-house employees. Broker Network’s main focus is on ensuring that its Members are supported through a range of services, whilst enabling them to retain their independence.
Simon Drew, Chief Financial Officer at Broker Network said: “We have worked with Stevens & Bolton on a number of transactions and have always found the team to be sound legal advisors with a strong client focused ethos. We look forward to developing the relationship as we execute our strategy.”
The Stevens & Bolton team was led by corporate partner Joe Bedford and included Philip Leyshon (corporate), Gary Parnell and Emer O’Kelly (commercial/insurance) and Sarah Taylor (employment).
Joe Bedford commented “We were delighted to work with the Broker Network management team on this transaction and to continue to support them in executing their strategic growth plans. We wish the Broker Network and Boyd teams every success in developing the business together.”