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.
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.
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.
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.
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