Specialist Risk Group unveil first acquisition of 2023

Wednesday 4 January 2023 - London - Specialist Risk Group (SRG) today announce the acquisition of Fleet and Commercial, subject to regulatory approval. The deal enhances SRG’s existing commercial motor capability and is a continuation of its growth strategy.

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Fleet and Commercial is a specialist insurance broker founded in 2011. Based in Oxfordshire, the business has grown rapidly in that time and now works UK-wide supporting a range of different industries, trades and businesses, from tradespeople, SMEs and large corporates.

Fleet and Commercial will form part of SRG’s growing Retail division, Specialist Risk Insurance Solutions (SRIS), led by Oliver Thorne who was announced as its Managing Director in October 2022. Tony McLeman & Tom West will continue to lead the business to deliver an ambitious organic and strategic growth plan over the coming years.

Commenting on the announcement, Lee Anderson, SRG Deputy CEO, said:

“Fleet and Commercial is a leader in its field with a culture very much aligned to ours, which will add tremendous value to our existing motor capability. They are an ambitious, forward-thinking business and we are looking forward to working together in the future.

On the back of an outstanding year of organic growth in 2022, SRIS is in a great position and poised to go from strength to strength, and I know the Fleet and Commercial team will play a significant contribution to achieving our goals.”

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Tony McLeman, Fleet and Commercial Company Director, said:

“Today marks the start of an exciting new chapter for us all at Fleet and Commercial. Specialist Risk Group is a natural partner for us as we enter our next phase of growth. It shares the same principle of being a high-growth, people and culture focussed business.”

I would like to thank my colleagues for the effort they have put in to making Fleet and Commercial what it is today. We are all looking forward to our success continuing as part of Specialist Risk Group.”