The Corporate & Commercial Team at Southampton and Salisbury based Trethowans Solicitors has advised the sellers of John Beard and Son Limited in its sale to Higos Insurance Services Ltd.
Higos Insurance Services Ltd is one of the leading insurance brokers in the UK, specialising in the provision of personal lines and commercials lines general insurance products. It has 21 offices located throughout Somerset, Dorset, Hampshire, South Gloucestershire, Devon and Wiltshire, including an office in Park Gate, Hampshire which formed part of the acquisition.
John Beard and Son Limited was a family owned business which was run immediately prior to the sale by Julian Beard. Julian and the team at John Beard remain with Higos going forward. The acquisition brings together a number of people with a wide range of experience from both insurance company and broking backgrounds together, allowing them to provide a dedicated in house underwriter, claim and service team.
Lucy Grey, a Senior Associate, in the Corporate & Commercial Team at Trethowans worked on the transaction, alongside Taylor Cocks Accountants. Lucy commented “I have known the sellers for a number of years having acted for John Beard & Son Limited three years ago when it acquired ART Jeffries (Titchfield) Limited. I was therefore delighted to see them making a return on their investment and hard work by assisting them with the sale."
“Trethowans provided invaluable advice and support during what is a very important time in the life of any small business, you only get one chance to sell your business and the advice and assistance that Lucy and her team provided was invaluable” said Julian Beard, one of the sellers.