2010
08/03/10
Bluefin confirms acquisition ambitions
Bluefin, which has branches in over fifty locations, made two acquisitions in 2009 - Lakeland Insurance Brokers and Lakeland Insurance Advisers – and believes that the current economic climate is likely to yield further good prospects.
Darryl Druckman, Bluefin Insurance Services Director of Operations, said: “Although we have branches throughout the UK delivering a truly personal service to local clients, there are still a number of geographical areas where stronger representation is desirable – for instance the South West, Wales, East Midlands and Northern Scotland - so we’re very interested in brokers there who may be thinking of selling up. Additionally, we have a number of real specialisms within the group and where we find a broker with a complimentary book of business, we’d definitely like to talk them.”
Bluefin currently has six acquisitions in the pipeline with many more planned in future.
“Bluefin would be the preferred home for many owners wishing to sell their business,” added Druckman. “Our AXA ownership gives us tremendous financial security which would be very appealing to a seller especially when part of their payment could be scheduled a year or two down the track.”
Press office contact information:
Andrew Wilde: 020 7903 0661
Stewart Harris: 020 7903 0674
Elaine Bartleet: 020 7903 0633
bluefin@smithfieldgroup.com