ABL Group continues growth trajectory with two new acquisitions
ABL Group is continuing our growth trajectory as our parent company Brown & Brown (Europe) Ltd, (Brown & Brown) has agreed to acquire 100% of the share capital of two NI businesses.
Davison & Associates (NI) Ltd, and Davison Lamont Ltd. will become part of ABL Group as part of the deal and, post-completion, will join us in our Belfast headquarters at City Quays.
Davison & Associates was founded by Brian Davison in 2009 and has become one of Northern Ireland’s most progressive and successful commercial claims management companies, specialising in providing a rapid response to large commercial losses.
Davison Lamont was established in 2012 by Brian alongside Niall Lamont. It is an insurance consultancy business providing a bespoke service, facilitating the placement of business in the market to meet the insurance requirements of their clients, helping a broad number of businesses across the region.
ABL Group CEO Maurice Boyd said the acquisition of Davison & Associates will significantly enhance the claims service that ABL Group provides: “This is the first time we have acquired a non-broking business, and we are thrilled to have acquired such a high-quality company, which in my view, is without equal in the claims management sector in Northern Ireland.
Maurice Boyd, Group CEO
Turning to Davison Lamont Ltd, Maurice noted: “Brian and Niall have an enviable track record of successful long-term relationships with their commercial clients. Once part of the group, they will be a huge asset to our client proposition, and will help to bring new clients to ABL Group.”
Commenting on the deal, Brian Davison, who began his insurance career as a loss adjuster, said: “We strongly believe that ABL Group and Brown & Brown will be the best possible custodians for our companies, our people and our clients.”
“I have watched the growing success of ABL Group for a number of years, and worked alongside them on many occasions, so I’m confident they will be the perfect fit for us all.”
“The opportunity to be part of the Brown & Brown family, with all the benefits that brings for our stakeholders, was a significant factor in our decision to sell the businesses.”
“We look forward to working alongside Maurice and his team to achieve further growth and success for our businesses in the years to come.”
The deal to acquire Davison & Associates has received regulatory approval. Davison Lamont is an Appointed Representative so doesn’t require approval. Both acquisitions have now completed and we’re all excited to welcome our new teammates and add their skills, experience and exceptional knowledge to our client offering.