Acquisitive commercial broker Stackhouse Poland has bought Lancashire-based Caprica Healthcare, the specialist provider of private medical insurance services to commercial and private clients.
The acquisition more than doubles the existing health insurance broking activities of the Stackhouse Poland Group.
Caprica was founded in 2008 by partners Peter Shaw and Kath Grimshaw and has grown over the last decade to become a leading provider of Health Insurance services to SME’s and wealthy private clients.
Stackhouse Poland was established since 1974 and was the subject of a private equity backed MBO in December 2014 which brought together Jeremy Cary, Tim Johnson & James Agnew, the management team, with minority PE investor Synova Capital.
Stackhouse Poland is a private client and specialist commercial broker working across health & protection, professional risks, real estate, Commercial & SME, Marine and charity insurance. It has a stated objective of growing organically and through acquisition.
Shaw and Grimshaw say: “We are thrilled to have agreed terms with Stackhouse Poland to acquire our business and excited at the opportunities our new partnership brings for the benefit of our clients as we continue to grow the business. It was important that we found a successor firm with a similar cultural service ethic and Stackhouse Poland has a fantastic reputation for high service standards so it is a perfect fit for the business moving forward”.
Stackhouse Poland executive chairman Jeremy Cary says: “Our strategy continues to be focused on strong organic growth in our chosen sectors and additionally via acquisition of like-minded companies. Caprica’s relationship and advice driven approach to their clients fits perfectly with Stackhouse Poland. We are really looking forward to working with their team and continuing to build our specialist business.”