Aon acquires Henderson Insurance Broking Group

21 December 2017

Aon has acquired Leeds-based Henderson Insurance Broking Group for an undisclosed sum. The addition boosts its retail footprint by 17 offices across the North, while further boosting the firm’s capacity in the mid-market and bespoke solutions segments.

Henderson Insurance Broking Group (Henderson) is a Leeds based independent insurance brokering and consulting business, which provides broad services, including in general insurance, health and benefits, and trade credit insurance. The organisation, which was founded 30 years ago, has grown to a UK footprint of more than 17 offices (largely across the North) housing more than 400 staff, with revenues in excess of £37 million.

Aon recently reported the completion of the move to acquire Henderson, which was announced in October. The reasons cited by the global professional services firm for the acquisition included its strong brand presence across the UK, as well as its talent. Through the acquisition, the firm hopes to further bolster its retail presence in the mid-market and bespoke solutions segments. Henderson will become part of Aon Risk Solutions UK, continuing to provide its services to current, and future clients, as well as draw on Aon’s wider resources and capabilities.Aon acquires Henderson Insurance Broking GroupRemarking on the effect of the deal for Henderson, whose own strategic plan was to grow revenues to £50 million by 2020, Joe Henderson, Henderson’s CEO and founder, said, “Our clients will benefit from new access to specialist and global expertise, and Aon’s commitment to continuing our excellent service levels,” he said.

Henderson added that he was confident that colleagues in the firm would seize the opportunity to develop their careers within the frameworks of their new ownership.

Julie Page, CEO ARS UK, said, “I am excited to be working with Joe and the leadership team at Henderson to bring the best of both of our organisations to our clients.”

Earlier this year, Aon acquired Warwick-based Portus Consulting and London-based Mayfair Consultancy Services. Aon’s competitor, Mercer, completed the acquisition of digital benefits firm Thomsons Online Benefits earlier in the year, while Willis Tower Watson was the recent result of a merger of giants Willis Group Holdings and Towers Watson, aimed at creating additional competition in the space – the deal was valued at $18 .


SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”