Ardonagh Advisory, part of the Ardonagh Group, has acquired ALP Holdings, including its subsidiary Letton Percival, for an undisclosed sum.
Located in Liverpool, UK, ALP Holdings and Letton Percival are known for providing insurance solutions and client service.
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Ardonagh Advisory GI Broking CEO Richard Tuplin said: “I am delighted that ALP is joining our business, and in doing so helping us to develop a presence in Liverpool. They are a fantastic team with a great reputation and legacy, always putting their clients first. We look forward to welcoming them to Ardonagh and supporting their continued success.”
The current team, under the leadership of directors John and Andrew Leaver, will remain in place, the company said.
Commenting on the deal, ALP Holdings directors John and Andrew Leaver stated: “We are excited to join Ardonagh Advisory and become part of a group that shares our dedication to client service and innovation.
“Given our connections to the likes of Rob Worrell and Phil Bayles – which go back many years – Ardonagh was the natural choice of whom to sell to. This partnership offers the platform and resources to further grow our business while continuing to deliver the high standards our clients expect. We look forward to a successful future together.”
Last month, Ardonagh Group launched global data and technology arm Ardonagh Intelligence.
This initiative aims to harness robotics, machine learning and data enrichment to create a unified view of data across the group.
This follows the Ardonagh Advisory’s acquisition of Anderson & Co (Holdings) and its subsidiary Anderson & Co (Insurance Brokers) last month.
Ardonagh Advisory Broking is the SME (small and medium-sized enterprise) broking platform of the Ardonagh Group, which comprises Bravo Networks, Footman James, Geo Underwriting, Hera Indemnity, Lorega, Thompson & Bryan, Towergate, Towergate Health & Protection and Usay Compare.
