UK-based insurance agency Erskine Murray has acquired brokerage firm Asciak Holdaway Merritt for an undisclosed amount.
It is the second acquisition for by Erskine Murray in the last six months.
The company recently acquired Cheshire-based insurance broker Offley Insurance to boost its presence regionally across the UK.
The latest deal will see Asciak Holdaway Merritt clients benefit from additional services as part of a larger organisation.
It also presents improved career and development opportunities for employees of Asciak Holdaway Merritt.
Erskine Murray CEO Tom Bartleet said: “Combining our strengths as a growing broker with Asciak Holdaway Merritt’s specialist expertise and market insight will significantly enhance our capabilities within the London region and professional indemnity insurance sector.
“The acquisition marks a big growth opportunity for us within the professional indemnity insurance space. As we continue to grow in the right way, both organically and via targeted acquisitions activity, we continue to develop our service offering to ensure we are in the best position to serve our clients.”
Asciak Holdaway Merritt has more than 20 years of experience in professional indemnity insurance sector.
For the short term, the company will retain their brand name under the Erskine Murray umbrella.
Erskine Murray commercial director Alan Wheeler said: “This is a key acquisition for Erskine Murray as we begin the New Year. It is the latest example of our proven track record in acquiring well established and quality brokers.
“Our vision has always been to actively seek sound local businesses who share our ethos for excellent client services within the local community and beyond. Asciak Holdaway Merritt share this passion and hence they are the perfect fit for us. Our aim is not to change the business but to simply enhance the range of products and services available to their current loyal client base."
Image: Erskine Murray acquires Asciak Holdaway Merritt. Photo: Courtesy of Erskine Murray Limited.