Arthur J. Gallagher buys insurance broker in New Zealand

18 December 2015

Insurance broker Reid Manson, situated in the central district of New Zealand’s South Island, has been acquired by the New Zealand subsidiary of Arthur J. Gallagher & Co, Crombie Lockwood. The deal will see Reid Manson keep its team in place, with direction coming from Carl O'Shea, CEO of Crombie Lockwood. The value of the deal has not been disclosed.

Reid Manson was founded in Timaru, New Zealand, in 1985, and has since expanded to include a further office location in Ashburton. The company has grown into a prominent insurance broker in the Central South Island, providing comprehensive insurance for the Marine, Aviation, Rural and Livestock industries. Reid Manson provides services to cover a wide range of commercial businesses’ risk management, including identifying major areas of risk, negotiating insurance contracts, making sure polices are up to date with changing market conditions, and reminding companies when their polices are up for renewal.

Crombie Lockwood

Earlier this month, Reid Manson unveiled that it has been acquired by Crombie Lockwood, New Zealand’s member firm of Arthur J. Gallagher & Co., an international insurance broker giant with more than 20,000 employees globally, making it the third largest player in its market*. Crombie Lockwood started as a two person insurance firm in 1978 in Napier, New Zealand. Since its founding the firm has expanded its operations through organic growth, but also a wide range of acquisitions. The growth saw the company expand its operation into 24 cities across New Zealand, making it one of the largest insurance broker in the country.

The deal – terms and conditions have not been disclosed – sees Reid Manson become part of Crombie Lockwood, with the full team (9 employees led by David Reid) set to transfer and keep their current roles, under the direction of Carl O'Shea, CEO of Crombie Lockwood. The addition of Reid Manson’s offices in Timaru and Ashburton gives Crombie Lockwood a total of nine South Island locations.

Reid Manson team

“Reid Manson is a perfect example of a successful, client-focused team with a culture that will fit well within our Crombie Lockwood operation,” says J. Patrick Gallagher Junior, Chairman and CEO. “Their strong client relationships are a tribute to their high-level of quality service, and their depth of experience and specific geographic locations will further complement our solid New Zealand presence. We are pleased to welcome David and his colleagues to our growing Gallagher family of professionals.”

O'Shea says he is “delighted” with the move, stating: “The South Island has always been important to us. We have a well-established business base here and the inclusion of David Reid’s team and their operations enhances this position.” Reid adds: “It really is a win-win situation; our clients will continue to deal with the same people but with many more resources at their disposal.”

* Arthur J. Gallagher & Co. acquired Crombie Lockwood in 2014.


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.”