Inflexion Private Equity has backed the simultaneous buyout and immediate merger of Bollington Insurance Brokers and Wilsons Insurance Brokers.

The new structure, Bollington Wilson Group, will be one of the UK’s leading independent insurance brokers, generating annual gross written premiums in excess of £120m.

Dow Schofield Watts arranged the deal having introduced both companies to Inflexion. Focused on niche products across the UK, Cheshire-based Bollington and Manchester-based Wilsons operate complementary product lines in commercial and personal insurance. The group will focus on UK expansion, creating a diversified platform from which to accelerate growth through scale and add-on acquisitions. The businesses will continue to trade under their independent brands.

Capitalising on its track record in acquisitive growth and the fragmented nature of the insurance broker market, Inflexion will help create significant value through a buy and build programme. Working closely with Paul Moors and John Wilson, respectively CEO and Chairman of Bollington Wilson Group, Inflexion will help to digitally enhance and integrate operations; this will create a strong platform to support acquisitions and embed customer service excellence.

Paul Moors, Bollington Wilson Group CEO, commented: “We believe this creates more choice and more flexibility for all of our valued customers. With Inflexion’s track record in integration and acquisitive growth we are truly excited about the future of our new group.”

Mark Watts and Gregg Pendlington of Dow Schofield Watts arranged the deal. Gregg Pendlington said “The complementary nature of Bollington and Wilsons was immediately apparent to us, and Inflexion, which has backed the combined management team in a compelling merger buy and build plan. We look forward to working with Inflexion and Management as they execute that plan.”