The Ardonagh Group Acquires Healthy Pets Limited
The Ardonagh Group (“Ardonagh”) today announces the acquisition* of Healthy Pets Limited (“Healthy Pets”).
Healthy Pets was founded in 1996 and is based in Petersfield, Hampshire, offering insurance products for both cats and dogs.
Commenting today, CEO of The Ardonagh Group David Ross said:
“Healthy Pets is a fantastic business which we have admired from a distance for some time. What’s exciting to us is the opportunity to broaden our portfolio and to do so with a business which knows their market inside out.
To be adding brands and businesses to the Ardonagh family so soon after its initial creation is truly exciting, signifying as it does a momentum we see and feel everyday across the Group.”
Mark Effenberg CEO of Healthy Pets added:
“The Ardonagh Group is the perfect home for Healthy Pets and I am delighted to be confirming the news today.
We always envisaged a destination for the business where our products and reputation could be leveraged to build market share, in a sector which has seen year-on-year premium growth for five consecutive years. The cross-selling opportunity across the Group is doubtless significant. This coupled with the need for a pet offering amongst the vast Ardonagh product suite leads us to believe that the scope for growth is hugely attractive. We look forward to being part of the team.”
The Ardonagh Group brings together five leading businesses in their fields; Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate.
*The purchase price remains undisclosed at this time. The acquisition is being funded out of Ardonagh’s existing cash resources
About The Ardonagh Group
The Ardonagh Group is the UK’s largest independent insurance broker with global reach. We are a network of over 100 offices and a workforce of over 5,000 people.
The Ardonagh Group was created in June 2017, bringing together Autonet, Chase Templeton, Direct Group, Price Forbes and Towergate.
Our understanding of the communities we serve, together with our scale and breadth, allows us to work with our insurer partners to deliver solutions that meet our customer needs.
Media Queries Internal & External Contact
-
Email: communications@ardonagh.com
Media Queries External Contact
-
Email: communications@ardonagh.com
The Ardonagh Group (“Ardonagh”) today announces the acquisition* of Healthy Pets Limited (“Healthy Pets”).
Healthy Pets was founded in 1996 and is based in Petersfield, Hampshire, offering insurance products for both cats and dogs.
Commenting today, CEO of The Ardonagh Group David Ross said:
“Healthy Pets is a fantastic business which we have admired from a distance for some time. What’s exciting to us is the opportunity to broaden our portfolio and to do so with a business which knows their market inside out.
To be adding brands and businesses to the Ardonagh family so soon after its initial creation is truly exciting, signifying as it does a momentum we see and feel everyday across the Group.”
Mark Effenberg CEO of Healthy Pets added:
“The Ardonagh Group is the perfect home for Healthy Pets and I am delighted to be confirming the
Latest announcements
The Envest Group continues its expansion with stake in NZ-based MGA
The Envest Group (Envest), part of The Ardonagh Group, will acquire a significant stake in Ando Insurance Group Limited (Ando), an independent underwriting agency in New Zealand.
Global insurance broker Ardonagh secures investment from Stone Point Capital valuing the Group at $14 billion
The Ardonagh Group (“Ardonagh” or “the Group”), one of the world’s largest independent insurance distribution platforms and a top 20 global broker, today announces an equity investment from funds managed by US-based private equity firm Stone Point Capital LLC (“Stone Point”), a leading alternative investment management firm focused on the global financial services and related industries. The investment values Ardonagh at $14 billion.