A chartered insurance broker based in Burnley has been acquired by a UK network of insurance brokers to drive further growth in the region.
Sagar, which provides insurance solutions for the corporate, business and private sectors and was founded 60 years ago, employs 24 people in Burnley.
Husband and wife team John and Susan Meadows have been the driving force behind Sagar for many years and will continue to run Sagar under GRP’s ownership.
John Meadows said: “GRP offered us a compelling opportunity to create value from our successful stewardship of the business, and, looking ahead, to help us become a stronger proposition under new ownership.”
“Our clients will benefit from new products and services available to us via the GRP portfolio of successful MGAs and brokers, and their relationships with blue chip insurers will enable us to further improve our competitiveness.”
“We are looking forward to being part of one of most entrepreneurial and exciting businesses in UK broking.”
Mike Bruce, GRP’s chief executive Broking, said: “This is a quality business with an excellent track record in Lancashire, and strong ties to the community where it operates.
"We have been highly impressed with their focus on client servicing and look forward to assisting directors John and Susan Meadows and their team take Sagar to the next stage in its journey."