IMAS acted as the exclusive financial adviser to AT Squared Holdings Limited (FE Protect) on the sale of the business to Gallagher Holdings UK (Arthur J. Gallagher & Co.)
FE Protect is the leading insurance broker to the UK Further Education college sector. The business was founded in 2016 and has been privately owned since 2019, following a management buyout. FE Protect’s Directors, Andy Thomson and Alan Tune, plus their team, will continue in their current roles and join Arthur Gallagher’s Public Sector & Education Practice. The business has chartered status and is based in Formby, Liverpool, with 20 staff.
Arthur Gallagher is one of the world’s largest insurance brokers and a leading broker in the UK, placing sixth in the IMAS/Insurance Times Top 50 Brokers listing in 2022. Arthur Gallagher’s Retail Division has an extensive presence in the University sector and FE Protect’s market leading position with colleges, independent schools and universities will further strengthen its specialist Education Practice.
Alan Tune from FE Protect commented: “Becoming part of Gallagher is great news for our clients and people. Gallagher’s reputation for providing clients with a high level of sector expertise, plus its ethical approach matches, how we like to do business, and we are looking forward to joining forces.”
IMAS advised FE Protect on all aspects of the transaction, which has received regulatory approval. The financial details of the transaction will not be disclosed.