The shareholders of Lloyd Latchford Group have completed the sale of the entire issued capital to the Ardonagh Group. B P Collins acted for the shareholders of Lloyd Latchford Group on the sale with partner David Smellie leading on behalf of the firm.
Lloyd Latchford Group is a specialist retail broker with a particular focus on the motor sector. It has been trading for over 20 years and manages over 12,000 policies a month including car, driving instructor, commercial and home insurance via digital platforms and its customer contact centre based in Princes Risborough, Buckinghamshire.
Tim Hutton, Founder and Managing Director of Lloyd Latchford Group, commented: "The Lloyd Latchford Group team has delivered significant growth over the last three years, and being part of the Atlanta group, with access to some of the best people, systems and pricing capability within the industry, will only help us to continue that growth and accelerate our plans and we are very much looking forward to the future."
“We see a huge opportunity to grow as part of a wider group and are already discussing some significant partnerships. We are very much looking forward to an Atlanta future."
David Smellie, partner in the corporate and commercial team at B P Collins said: “We are delighted to have worked so closely with Tim Hutton and Trevor Lloyd and the other shareholders to complete this deal which will enable the company to achieve its next step in its plans for growth.”