London, UK-based insurance broking and consultancy firm SBJ Group has reportedly acquired the issued share capital of commercial insurance broker E Nugent Linaker and its subsidiaries, including Linaker Plymouth and Linaker Western.
Linakers holds a significant book of commercial clients and specializes in insurance for owners of tenanted domestic properties, residential flat management companies and sports and leisure.
Its business will be incorporated into SBJ UK and SBJ’s corporate risks insurance broker, Post Online reports, further expanding its established presence in the Southwest UK.
SBJ has grown strongly through acquisition and recruitment in each of its main business streams. The acquisition of Linakers marks our first move in the UK corporate risks sector, Post Online cites George Boden, SBJ Group’s chief executive, as saying. We will continue to expand the group by acquiring companies and businesses which share our vision of providing first class advisory, negotiation and administration services to clients.