Morphose Capital Advises on Acquisition of Insurance Broker Gibson Hawick by Borland Insurance
Morphose Capital Partners, London-based specialists in mergers and acquisitions, corporate restructuring and finance, advises on the acquisition of insurance broker Gibson Hawick Ltd by Borland Insurance leading to deal completion in December 2023.
Gibson Hawick, a family-owned and run insurance brokers founded in 1983, specialises in both SME commercial insurance and personal lines. Based in the Scottish borders, the company has a diverse and impressive SME portfolio across the UK with superb client retention and annual renewal rates. Morphose Capital was appointed by Gibson Hawick to identify a buyer and structure an acquisition that could enable current Managing Director and Founder, Susan Wilson, to oversee a smooth transition of her business so she could commence planning her well-earned retirement.
Morphose Capital felt that Gibson Hawick would be a good fit with Borland Insurance, with whom it has a longstanding relationship after managing their acquisition by AssuredPartners Inc in 2021. Following the successful introduction of Gibson Hawick to Borland Insurance by Morphose Capital, Morphose advised on terms and helped structure the optimum deal to ensure a successful outcome. Borland Insurance was attracted by Gibson Hawick’s excellent reputation and customer centric approach, the diversity of its insurance portfolio and that Susan was happy to stay on to ensure a smooth transition.
Nick Atherton, Managing Director of Morphose comments,
“it’s been a real pleasure working with all parties to achieve a really positive result. We’re confident that the acquisition of Gibson Hawick will help contribute to the future growth of Borland Insurance, and look forward to working again with Borland Insurance.”
John Silcock, CEO of Borland Insurance, adds,
“it’s been great to work with Morphose again, and we’re excited to welcome Gibson Hawick into our fold. As part of the wider network of AssuredPartners with its streamlined processes and strong strategic relationships with some of our larger insurance partners, we’re confident that this relationship will deliver better value, choice and service for Gibson Hawick’s loyal and valued customers. We greatly look forward to a successful future and our next chapter together.”
Susan Wilson, Managing Director and Founder of Gibson Hawick, adds,
“we worked closely with Morphose and upon introduction to Borland Insurance, immediately recognised the synergies between our companies. We’re thrilled with this outcome, and firmly believe that our customers will reap the full rewards that our combined strengths will deliver.”
About Morphose Capital Partners
Morphose Capital Partners specialises in mergers and acquisitions, corporate finance and restructuring with unique sector expertise in Insurance, Defence and National Security, Health and Wellbeing Services, Property, Facilities Management, Recruitment and Technology. Established in 2008, Morphose works with clients to identify and pursue the best strategic buy and sell-side match for M&A. The Morphose advisory team is led by current and former business owners with deep market knowledge and first-hand experience of the M&A process enabling them to provide practical, insightful and informed advice to other business owners.
Morphose Capital Partners is the trading name of Morphose Ltd. Morphose Ltd is authorised and regulated by the Financial Conduct Authority.
For further Information please contact saralavallin@outlook.com or visit www.morphose.co.uk