Clear Group continues acquisition spree with broker buy

Broker Clear Group has continued its acquisition spree with the purchase of Peter Hoare and Company, a statement released today (13 November 2023) said.

Sheffield-based Peter Hoare and Company is an insurance broker that specialises in commercial, motor and liability risks.

Since 1983, the business has also been providing insurance services to members of the British Metal Recycling Association.

Clear Group said acquiring the broker grew its presence in the north of England as it continues to “build a long-term and sustainable business”.

“We have known the Peter Hoare team for many years and are delighted that this successful business led by an exceptional management team has joined Clear at this exciting time,” chief executive Mike Edgeley said.

“Both our businesses are culturally aligned, sharing the same values of doing the right thing for our staff and clients. 

“As a result, Peter Hoare is a strong performing business that has a great track record of delivering organic growth year-on-year.’

Moves

Clear Group has completed a flurry of M&A activity over the last 12 months, which has seen the business buy over 10 brokers and three managing general agents (MGAs).

Its latest deal to purchase Peter Hoare and Company will see the firm’s team of 23 staff, led by managing director Heather Clewes, join Clear Group.

“[They] will now play an integral part in building Clear’s capability in the north of England by working closely with Clear colleagues to drive the business forward,” a statement said.

Clewes added: “This is the right time for us to join forces with Clear as we look to enhance our client proposition.

“Clear also offers our staff the opportunity to flourish by being part of a fast-growing insurance business which has such an exciting future.”