GRP purchases entirety of Hedron Network broker member

Global Risk Partners (GRP) has today (5 January 2023) acquired the whole entity of Christopher Trigg Ltd (Christopher Trigg) in its first deal of 2023, having received regulatory approval.

The broker, which was founded by chairman Christopher Trigg in 1972 and is led by managing director Dominic Trigg, specialises in business and commercial property insurance. It also operates a private clients division and is a member of GRP’s Hedron Network.

As part of the acquisition, Christopher Trigg will remain in its current office – based in Rickmansworth – and become part of GRP’s retail south division.

All staff will remain with the business except Christopher Trigg, who will now retire after 50 years at the helm.

Stephen Ross, head of M&A at GRP, said: “Christopher Trigg is in our sweet spot of classic GRP acquisitions - highly entrepreneurial, experienced owner managers, an ambitious motivated team and a strong and growing presence in their chosen markets.

“It is an exceptional broker and a fantastic addition to our retail portfolio.

“Our expectation is that, with our support and access to the product and service firepower we can provide, the business is well positioned to continue its trajectory.”

Reasoning

Dominic Trigg, meanwhile, said that during the firm’s early discussions with Ross and GRP’s chief executive Mike Bruce it became “clear” that the consolidator was the “best possible custodian for our business, our excellent team and our clients”.

He continued: “We have been a member of the Hedron Network for many years and once we decided to look for an investor in the next stage of development it seemed a natural progression to become part of GRP/Brown and Brown.

“The importance GRP and Brown and Brown attach to looking after our people and ensuring the best outcomes for our clients helped to make this an easy decision.

“We look forward to becoming part of the GRP and Brown and Brown team, with all the advantages that brings for continued development of our business.”

US broker Brown and Brown agreed to buy GRP in March 2022.