IMAS acted as the exclusive financial adviser to Henshalls Insurance Brokers (a trading name of John Henshall Ltd) on the sale of the business to Global Risk Partners (GRP).
Henshalls is a leading independent broker in Shropshire. The business was founded in 1967 and is headquartered in Newport, with further offices in Shrewsbury and Stafford, where it employs 42 staff. The group includes Bayliss & Cooke in Stafford, which it acquired in 2019, and the Coachline scheme business covering buses, coaches and minibuses.
The Henshalls’ directors Mark Freeman, Martin Pitchford, Dave Williams, Anthony Hughes, Neil Atkinson and all of their 42-strong team will remain with the business.
IMAS was retained by Henshalls in the first half of 2022 to advise the business and its owners on a sale. GRP and its parent Brown & Brown were selected by Henshalls based on a number of factors, including the strong level of cultural alignment between the businesses.
IMAS advised Henshalls on all aspects of the transaction, which has received regulatory approval. The financial details of the transaction will not be disclosed.