NSM Insurance Group, a specialty insurance company, entered an agreement to acquire Acquis, a European provider of specialist insurance programs to the asset finance market.
“This investment from NSM Insurance Group marks a significant opportunity for Acquis to meet the increased demand we are witnessing for our products, and to continue to develop our market-leading insurance solutions for the asset finance market,” Nick Leader, CEO of Acquis, said. “NSM is a perfect fit for Acquis, they understand our market and are as ambitious about our growth potential as we are. This deal will enable the continued development of our people, processes and systems and will allow us to galvanize our growth plans. NSM’s confidence in Acquis is testament to the hard work and dedication of our team in building the company we are today.”
“We are entrepreneurs at heart and we seize compelling opportunities to partner with high-performing companies with significant growth opportunity,” Geof McKernan, CEO and founder of NSM Insurance Group, said. “We are excited to further expand in Europe and the U.S. with the acquisition of Acquis — the leader in innovative solutions for the finance and leasing industry. We look forward to partnering with Nick and his team and providing them with our state-of-the-art resources and capacity to help take its business to new heights.”
The closing is subject to regulatory approvals and other customary closing conditions.
