Broking group completes major acquisition of broker

BMS Group has completed its acquisition of UK broker David Roberts and Partners (DR&P).

The deal was first announced in July 2024 and marks BMS’s largest acquisition to date, with the combined business managing over £8bn in gross written premiums (GWP).

DR&P chief executive John Page and managing director Simon Bland continue in their roles as part of the deal.

Page will also report to Nick Cook, chief executive at BMS, and join the group executive committee.

Page said: “Today marks a significant step for DR&P. We can now access new opportunities as part of a successful, independent global broking group.

“Our focus going forward will be on executing a transition strategy that continues to put client outcomes at the forefront of everything that we do.”

Strategy

The acquisition forms part of BMS’ plans to expand its presence in the UK, particularly in the retail sector and speciality London markets.

“DR&P will benefit from enhanced data and analytical capabilities, as well as collaborative opportunities in areas where both businesses excel,” BMS added.

Cook said: “The period leading up to the closure has demonstrated how culturally aligned both businesses are, which is the key consideration in our M&A strategy.

“We now look forward to the next phase, combining the expertise of both businesses and working collaboratively to enhance client service across territories and specialisms.

“Page, Bland and I have ambitious plans to deliver our shared vision ensuring our people, clients and partners reap the benefits of this relationship.”