Perth-based insurance broker SRG Group Pty Ltd has joined the expanding stable of insurance broking network, Austbrokers Holdings Ltd.
Perth-based insurance broker SRG Group Pty Ltd has joined the expanding stable of insurance broking network, Austbrokers Holdings Ltd.
This hot on the heels of last week's partnering of fellow Perth-based insurance broker, Specialised Broking Associates Pty Ltd with the world's fourth-largest insurance broking brand, Arthur J Gallagher & Co.
Austbrokers Group will provide administration support and strategic management to SRG Corporate after purchasing a 50 per cent share in the company.
SRG Corporate joins three other WA brokers already partnered with Austbrokers Group: McNaughton Gardiner Insurance Brokers Pty Ltd, Strathearn Insurance Brokers and Western United Financial Services Pty Ltd incorporating Western United Transport.
Full announcement below:
Perth based broker SRG Corporate joins the Austbrokers Group
Austbrokers Holdings Ltd is pleased to announce the purchase of a 50% shareholding in Perth based insurance broker SRG Corporate (SRG).
"The part sale of our business has enabled me to implement a suitable succession plan whilst ensuring the business continues to service our loyal client base and prosper" said Steve Gillespie founding partner in SRG.
SRG's business was established 4 years ago and was a member of the IBNA group.
Managing Director, Rod Fitzgerald will continue as a shareholder and lead the growth strategies of the business in the coming years, with Steve Gillespie continuing as Director and consultant.
With a staff of 15, and offices in Perth and Queensland's Gold Coast, SRG has experienced double digit growth rates for the last 3 years.
Rod Fitzgerald Managing Director said "As a young and energetic business, with Austbrokers as our partner providing administration support and strategic management, SRG Corporate is well placed to seize upon business opportunities."
"We are pleased to have Rod and the SRG team as part of the Austbrokers family" said Lach McKeough, CEO, Austbrokers Holdings Ltd. "This acquisition brings the number of partner businesses to 4 in Western Australia and 40 nationally. SRG has a young team with a strong marketing and growth focus and we look forward to being part of SRG's exciting future."
