Anderson & Co Integrates into Ardonagh Expanding Northern Reach
Deal News | Mar 14, 2025 | Re-Insurance News
Ardonagh Advisory has acquired Anderson & Co (Holdings) Limited and its subsidiary, Anderson & Co (Insurance Brokers) Limited. This strategic move aims to strengthen Ardonagh's foothold in the North of the UK, particularly in Lancashire. Anderson & Co, a Blackpool-based brokerage with more than 50 years of experience, specializes in commercial and personal insurance lines. Originally acquired by Christine McLellan in 1993, she will continue to lead the company as Managing Director under the new ownership. The team will be integrated into Ardonagh's North Division of General Insurance Broking, headed by Stephen Boyd. Both McLellan and Boyd expressed enthusiasm about the merger, highlighting the alignment of values and commitment to client service as driving forces for future growth.
Sectors
- Insurance
- Mergers and Acquisitions
Geography
- United Kingdom – The article involves companies based in the UK, specifically focusing on the expansion in Northern UK.
Industry
- Insurance – The acquisition involves companies specializing in insurance brokerage services, particularly in commercial and personal lines.
- Mergers and Acquisitions – This industry is relevant as the article discusses a corporate acquisition to expand geographic reach and service offerings.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Anderson & Co (Holdings) Limited | Target Company | Company | A Blackpool-based brokerage specializing in commercial and personal insurance lines. |
| Anderson & Co (Insurance Brokers) Limited | Target Company | Company | A subsidiary of Anderson & Co (Holdings) Limited providing brokerage services. |
| Ardonagh Advisory | Bidding Company | Company | A company expanding its General Insurance Broking services in the UK. |
| Christine McLellan | Managing Director | Person | Purchased Anderson & Co in 1993 and will remain as Managing Director after acquisition. |
| Stephen Boyd | North Divisional Managing Director | Person | Leads the North Division of Ardonagh Advisory General Insurance Broking. |