A major PMI-adviser consolidator has secured private equity investment and will announce a further significant acquisition in February.
Chase Templeton Group announced investment from Manchester-based Palatine Private Equity, stating that the move would enable further acquisitions of PMI and employee benefits specialists.
Kevin Amphlett, chairman of Chase Templeton Group, said: "It became clear that attracting professional investment was the most efficient way of fuelling growth plans."
According to Amphlett, the group considered various offers and selected palatine after many months of due diligence.
Chase Templeton is a major consolidator in the PMI sector and has made a total of 11 acquisitions so far in its aggressive growth strategy.
Ed Fazakerley, partner at Palatine Private Equity, said the investment would enable Chase Templeton to continue with its buy-and-build strategy and further strengthen its position in the market.
