Fri, 07 Jan 2022 | BUSINESS SALE
Insurance broker Aston Lark has acquired Leicestershire-based Phoenix Healthcare.
Phoenix Healthcare, a corporate healthcare specialist which was established in 1996 in Oadby by Paul Wright and Lee Shorter will become part of the Aston Lark family which itself was part of a large acquisition last year.
Lee Shorter, founding director of Phoenix Healthcare, said: "Becoming part of Aston Lark and having access to their resources and products will provide a great opportunity for further helping our clients."
It was announced in October 2021 that Aston Lark which is currently backed by Goldman Sachs Asset Management and Bowmark Capital would be joining the international insurance broking group, Howden.
Aston Lark joined A-Plan Group and Howden UK to create a full-service broker and the transaction was Howden's largest acquisition so far and has created a business with over 5,000 employees spanning 160 locations across the UK and Ireland.
Peter Blanc, Aston Lark chief executive said at the time of the acquisition: "Together we will be the major force in the UK broking market and I’m extremely excited about what we can achieve over the coming years. Our combined products, services and footprint will enable us to capture every customer in the market."
Speaking about the acquisition of Phoenix Healthcare, he said: "When I first met Paul and Lee, it was clear that they share the same client service ethos as Aston Lark. We're becoming a real powerhouse in private medical insurance, and I'm delighted to welcome Paul, Lee and their team to the Aston Lark family."
Paul Wright added: "Both Lee Shorter and I have over 35 years experience in the industry, and are delighted to choose Aston Lark as the long-term partner for our business.
"We firmly believe that they will be a great home for our staff and share our client-first approach to corporate healthcare broking."
Details of the advisers who worked on the transaction have not been disclosed.
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