Chase Templeton has completed its largest deal through the asset purchase of Kent-based specialist healthcare broker Consilium Employee Benefits Ltd.
The move brings £15m in annual premium income to the private medical insurance (PMI) consolidator of which £13.2m is generated by SME clients.
The purchase brings to a close a 27-year career in the PMI industry for Consilium founder and director Andrew Williams who, with co-director Jeminne Reardon is departing the sector.
Williams said: "Our exit strategy realises the full value of Consilium's assets which we are now free to invest in fresh business ventures."
Chase Templeton confirmed it is looking to retain Consilium staff as part of the deal.
This is the 16th acquisition for Chase Templeton this calendar year. Chase Templeton recently completed deals with Atlas Consulting Group in August and Healthcare Solutions at the beginning of November.
Jeff Tate, mergers and acquisitions director at Chase Templeton said the deal would "maintain the broker's momentum in the SME marketplace. "
He said: "Small and medium sized businesses account for some 90 percent of a book which Consilium has carefully nurtured over the years.
"With Atlas that means we have added around £29m in SME premiums in less than three months, significantly increasing our footprint in what is a strategically important space for our business."
The company is also predicting further sizeable transactions to be completed before Christmas with further deals pipelined for 2016.
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