Acting for a Cheshire based insurance intermediary with a national coverage, Tebbitts & Co Commercial Solicitors have successfully helped to secure a business acquisition for its client worth a total value of £1.5 million.

By securing the acquisition of the target insurer based in Yorkshire, its client is now the second biggest insurer within its specialist field and has placed the company in a strong position for further growth.

Commercial solicitor, Max Tebbitts (pictured) expressed that ‘Tebbitts & Co are pleased to have advised on this acquisition for another growing Cheshire based business. The synergy of the two companies together will create a bigger, more cost-effective, and a more competitive edge. This is a significant milestone for this company’s growth strategy and it has been a pleasure for us to have helped to make it happen’.

After several weeks of hard work to achieve a tight deadline, the deal was completed which involved extensive complex negotiations before reaching an agreement that is good for all parties concerned.

Max Tebbitts added that ‘Business acquisitions can be either hostile or friendly, and I’m pleased to say that this was a well-executed, friendly one which is always the best kind’.

For legal advice on business acquisitions please contact our Crewe office on 01270 211567 to book a free initial consultation.