Davies acquires GBB Holdings to bolster motor claims capabilities
22nd July 2019Tweet
Davies Group, a London-based insurance service provider, has purchased GBB Holdings including specialist forensic investigations business GBB and motor engineering solutions provider Banwells.
As per the terms of the agreement, GBB and Banwells will form part of Davies’ motor claims within the group’s wider claims solutions business.
Brian Henderson will continue to manage the business, supported by the existing leadership team.
Davies believes that the acquisition of Burnley-based GBB, which specialises in collision examination, failure analysis and vehicle assessments, will help strengthen its motor claims capability.
Davies will bring Banwells and its existing specialist motor engineering business TLSS, under the banner of Davies Motor Engineering. The forensic investigations team will continue to trade as GBB.
Davies group CEO Dan Saulter said: “It is a pleasure to welcome Brian and the wider team to Davies. GBB and Banwells have a great reputation in the insurance, legal, fleet and law enforcement sectors. The team brings a wealth of knowledge and new technical skills, which align with our strategy of broadening our capability and adding deeper domain expertise for our clients.”
GBB and Banwells managing director Brian Henderson said: “We’re delighted to be joining Davies and are excited about its growth and investment plans. The deal will offer our team great opportunities for their personal development and career progression, and we look forward to working with the wider Davies group to the benefit of our highly valued clients.”
The deal represents Davies’ second takeover this year and follows the Canadian investor AIMCo acquiring a minority stake in the business earlier in the year.Tweet
The team brings a wealth of knowledge and new technical skills, which align with our strategy of broadening our capability and adding deeper domain expertise for our clients.”
Davies group CEO, Dan Saulter