Hamilton Fraser, the parent company of LandlordZONE, has been acquired by the UK’s largest independent insurance intermediary group Global Risk Partners (GRP).
The deal, which is for an undisclosed sum, is subject to regulatory approval by the CMA.
Borehamwood-based Hamilton Fraser, as well as being a leading supplier of insurance products and services to landlords and letting agents, operates three of the UK’s government-approved private rented sector schemes.
These are myDeposits, the Property Redress Scheme and Client Money Protect as well as leading evictions firm Landlord Action.
All of the group’s staff will move over to become GRP employees as will its senior team including CEO Eddie Hooker, who founded Hamilton Fraser in 1996 with Simon Fox and David Jacobs and remains a significant shareholder.
Digital future
“Hamilton Fraser is joining forces with a like-minded business in GRP, which like us has seen the future of insurance and realised it will become increasingly digital which is particularly true within the property sector,” says Hooker (pictured).
“I’m confident they are the best custodians for our business, our people and our loyal clients as we embark on the next exciting stage of our development.”
Stephen Ross, GRP’s head of M&A, who says he was impressed with the “sheer quality of the Hamilton Fraser business, which has an outstanding track record of success in its chosen niches and is a superb fit for GRP”.
“Hamilton Fraser is a high-class brokerage with a strong commitment to digital innovation and customer-centricity, built on a deep understanding of the specialist markets in which they operate.”
Hamilton Fraser will continue to trade under its existing brands and will sit within GRP’s high-growth digital division headed by Steve Anson, its COO.
GRP is one of the largest independent insurance intermediaries in the UK and itself was acquired via a majority shareholding by global private investment firm Searchlight Capital Partners in 2020.
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