Macclesfield-headquartered insurance broker Delta Corporate Risk is accelerating its national growth strategy after receiving a six-figure investment, which is supporting the firm’s ambition to double in size over the next five years.
In a strategic move to expand its offerings and double in size over the next five years, Delta Corporate Risk has acquired a book of clients from Colmore Insurance Brokers. The deal has seen four new team members moving across to join Delta Corporate Risk including directors Andy Copeland and Andy Smallwood. This purchase was facilitated with funding from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II.
The deal was secured by the funding team at Leonard Curtis, which negotiated an attractive financing package with FW Capital having explored opportunities with a number of different lenders.
The Leonard Curtis Funding team supported throughout the process and was introduced to Delta Corporate Risk by Newcastle based accountancy practice Thompson Wright.
Justin Lawson, Managing Director at Delta Corporate Risk said: “This client book acquisition fits exceptionally well with our national growth strategy and supports our ambitions to double in size over the next five years through further acquisition and organic expansion.
“The growth capital provided by FW Capital has been instrumental in helping us to accelerate this activity. They acted quickly and efficiently with clear communication every step of the way, while Leonard Curtis negotiated some specific terms which were particularly important to our business.”
He continued: “We’ve also opened offices in Essex and the Southwest, to complement our existing offices in the North West and Midlands. It’s business as usual for the team at Colmore Insurance Brokers and their clients who will continue to receive the same excellent standard of service, as we welcome them into the Delta Corporate Risk group.
“Over the past 11 years, the Colmore Insurance Brokers team have built an excellent business and earned a loyal customer base. Their expertise will provide many more opportunities for growth, which will also bolster our existing products and services across Delta Corporate Risk.”
Adam Husband, Senior Investment Executive at FW Capital added: “Delta Corporate Risk is a fantastic business that is embarking on a new stage of growth which they can pursue with confidence thanks to the funding provided. Justin is the driving force behind the business and his hard work and experience is paying off with the latest expansion.
“The Colmore Insurance Brokers’ book of business complements Delta Corporate Risk perfectly, mirroring their clients and the type of sectors in which they operate. I have also enjoyed working with Ellie and the team at Leonard Curtis, who introduced me to Justin and assisted the smooth completion of the funding.”
Sue Barnard, Senior Manager at the British Business Bank, said: “NPIF II was created to unlock the potential of ambitious businesses across the North, and this investment is supporting the company’s strategic expansion, while also enabling sustainable growth and job creation across the North West. We’re proud to see how the fund is helping to strengthen the presence of northern businesses in key markets.”
Ellie Woodhouse, Business Development Manager at Leonard Curtis, said: “We’re really pleased to have been able to work closely with Justin and the team to secure this funding for Delta Corporate Risk, negotiating favourable terms for the business, which included several points which were particularly important to Justin and the team, and getting the deal done quicky. The lending market remains very fragmented, so the deal highlights the importance of working with an experienced broker.”
