GRP acquisition grows its East Midlands footprint

DCJ Insurance Group, which is owned by Global Risk Partners, has acquired Mansfield-based broker Real Insurance Group Limited. Real Insurance was established in 1976 and was a member of the Hedron Network, which GRP also acquired this year.

Stephen Ross, head of M&A for GRP, said: “Offering brokerages an option to create value from their work via a sale was part of the rationale behind our deal to buy Hedron Network, so I’m especially pleased that we have brought Real Insurance across the line so quickly to be part of DCJ.”

He added: “A number of other network members have reached out to us to discuss alternatives, which I hope will translate into further deals during the next few months, either through our hubs or as standalone acquisitions.”

Real Insurance focuses on commercial insurance sectors including business, property owners, motor trade and manufacturers.

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