PE-Backed Broker GRP Expands Through Latest Acquisition
Law360, London (December 3, 2019, 4:53 PM GMT) -- Insurance acquisition company Global Risk Partners has bought an agricultural broker through its specialist farming arm, Country and Commercial Insurance Brokers Ltd., with the backing of a British private equity fund, the company said Tuesday.
The GRP unit will buy Barpax Associates, a brokerage firm servicing farmers and growers based in Worcester in the English Midlands for an undisclosed sum. Barpax has been operating since 2003 and is well known in the counties of Worcestershire, Gloucestershire and Herefordshire, GRP said.
GRP, which operates in Lloyd’s of London, the 330-year-old specialty insurance market, is backed by Penta Capital, a U.K. private equity...
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