Giles - <h2>David Moore and Company becomes third Midlands company acquired by ambitious insurance broker</h2>

David Moore and Company becomes third Midlands company acquired by ambitious insurance broker

Giles Insurance Brokers has underlined its intention to become the premier broker in the Midlands by acquiring David Moore and Company.

Based in Wolverhampton and Newport, David Moore and Company is the third broker in the area to be acquired by Giles following the company’s purchase of Lester Bashford Webb of Dudley and, more recently, Midlands Risk Management of Birmingham.

David Moore employs over 30 staff across its two offices and services a wide range of SME businesses, with a specialism in the care homes sector.

The company’s founders, David and Jane Moore, will remain with Giles following the acquisition and will play key roles in Giles’ expansion in the area.

Sean Finnegan, of Giles said: “The Midlands has emerged as a key market for Giles and this purchase of David Moore and Company demonstrates our ambition to become a major player in the area.

“This acquisition by Giles will allow David Moore’s existing clients to benefit from being part of a larger company.

“The team at David Moore have worked tremendously hard to help grow the company and we are keen it remains intact and helps us develop Giles in the months and years ahead.

David Moore of David Moore and Company added: “We are absolutely delighted to be joining Giles. We are genuinely excited about the opportunities that being part of Giles will bring to us. Having already acquired David S Francis Insurance Brokers, Howard Wright & Co, Wrekin Insurance Services & Edge Tancred Ltd over the past few years we are now well placed to build upon this successful development. We will be able to offer our clients a wider range of high-quality services, delivered by dedicated experienced staff. A good move all round.”

Giles has hit the acquisition trail in recent weeks following an injection of £500 million of venture capital cash.

As well as Midlands Risk Management, Giles has recently strengthened its regional presence with the acquisition of Chester-based Robinson Leslie and DS Howell of Tonyrefail, Wales.

Giles Insurance Brokers was recently acquired by private equity firm Charterhouse Capital Partners.

Charterhouse and Bank of Scotland Corporate have provided Giles with £500 million of funding in order to accelerate Giles’ consolidation of smaller commercial brokers across the UK.

Giles is one of the UK’s fastest growing commercial insurance brokers and Charterhouse’s backing will allow the company to escalate its acquisition strategy and build a business with £1 billion of Gross Written Premium