Independent broker increases its GWP to £40m.
Stackhouse Poland has acquired David Fangen Holdings Ltd, which includes David Fangen Ltd (based in London) and W Burch & Son Ltd (High Wycombe).
The deal has added £10m to Stackhouse Poland’s GWP, meaning that it now controls in excess of £40 million GWP.
David Fangen, the majority shareholder and managing director of David Fangen Holdings said: “It was important as I was looking to pass the mantle of the organisation over, that I and my fellow directors felt confident our clients would continue to enjoy the same level of personal service and advice. Stackhouse Poland has exactly the same business ethic as we do and so it is a perfect fit for the business moving forward”.
Stackhouse Poland’s managing director Jeremy Cary commented, “Our strategy continues to be focused on strong organic growth through key distribution channels, the development and recruitment of the best quality staff, true partnership with our insurer partners and the acquisition of like-minded companies. David Fangen’s and W. Burch’s relationship and advice driven approach to their Clients in similar sectors, Corporate, Commercial Property and High Net Worth, will fit perfectly with Stackhouse Poland. We are really looking forward to working with their team and continuing to build our specialist business.”
David Fangen and Mark Shand (currently Director of W Burch & Son Ltd) will join the Stackhouse Poland Ltd board with immediate effect.
