North West Private Client Broker Becomes First London Company Acquisition
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Bolton’s private client brokerage, Three Sixty Insure, was acquired for an undisclosed amount.
This is the first transaction for London-based high net worth broker Gauntlet Insurance Services, since its acquisition by Global Risk Partners in 2019.
The transaction is subject to regulatory approval.
Three Sixty founder Sam Cowen, his wife Julie and the rest of the team will remain with the business under a new owner.
Three Sixty was established in 2008 as a niche brokerage for private clients, also providing business insurance, and according to Gauntlet Managing Director Steve Buckingham the team has built an impressive client base across the board. national.
Steve said, âThree Sixty is a quality company and fits in perfectly with Gauntlet. We share the same commitment to providing the best customer service to the most demanding customers, and we look forward to helping them take the business to a new level of growth and success with our support.
He added: âSam, Julie and their excellent team will continue to operate from the Bolton office and remain very open for business, giving us a footprint in the North West of England. I am delighted that Three Sixty is our first acquisition, it is a fantastic company with the potential to accelerate its growth.
Gauntlet specializes in insuring historic homes, beautiful town and country homes, art collections, jewelry, farms and estates, prestige vehicles and yachts. Founded in 1982, it is responsible for covering assets valued at over Â£ 8 billion.
Sam Cowen said: âWe have thought long and hard about the next steps for Three Sixty and felt that being part of Gauntlet was the best possible decision for us and our customers, who will reap significant benefits from being part of Gauntlet and the larger Group. PRV.
âSteve has given us all the incentives to continue growing under a new owner, and we are very excited about the future of our business. “