Liberty Blume completes its first strategic acquisition by purchasing a specialized insurance brokerage.
Liberty Blume, a business solutions company launched last year, has made its first strategic acquisition with PHL Insurance Brokers Ltd. This move strengthens Liberty Blume's Financial Solutions arm, enhancing consumer, commercial, and specialist insurance capabilities and opening new insurance markets within and beyond its current footprint.
Based in the UK, PHL Insurance Brokers Ltd is a specialist Lloyds of London insurance brokerage with a strong track record of delivering tailored insurance solutions in financial lines, property and casualty insurance classes on both a wholesale and retail basis.
The acquisition is a critical step in Liberty Blume's growth strategy, which focuses heavily on strategic M&A transactions and partnerships to expand and extend its capabilities. The company aims to achieve double-digit revenue growth in 2025 and has ambitious ambitions for rapid growth over the next several years.
Joe Gallagher, Chief Commercial Officer of Liberty Blume, believes strategic acquisitions are crucial for scaling Liberty Blume, allowing diversification, deepening expertise, and a faster response to evolving customer needs. He expressed his excitement about the acquisition, stating that it marks the start of an exciting chapter for Liberty Blume's Financial Solutions business.
Aniqa Sandhu, MD of Financial Solutions at Liberty Blume, echoed Gallagher's sentiments, saying the acquisition builds capability, expands offerings, and takes the business to a bigger market. Sandhu is confident that the synergies and culture of Liberty Blume fit perfectly with the principles of the PHL directors, and PHL is delighted to become part of the Liberty family.
Richard Packman, MD of PHL Insurance Brokers, is pleased about joining Liberty Blume as it allows PHL to continue its legacy of client-first service, gain access to new resources, expanded carrier relationships, and international reach.
Liberty Blume offers Business Solutions, increasing operational efficiency, enabling scale, and delivering results. Its Procurement Solutions deliver technology-enabled solutions designed to maximize value from third-party spend. The company employs 900 people across seven locations in the UK, Ireland, and the Netherlands.
With this acquisition, Liberty Blume currently generates over $100 million of annual revenue. The company is actively evaluating additional strategic acquisitions as part of a broader M&A roadmap, with more announcements of similar acquisitions expected in the coming months.
Liberty Blume is part of Liberty Global’s broader Liberty Services platforms in Finance and Tech, which continue to gain new clients and make progress, contributing positively to the group’s financial outlook. The company also plans to target a $1 billion valuation by 2028 through sustained revenue growth and positive EBITDA generation.
[1] https://www.libertyblume.com/ [2] https://www.libertyblume.com/news/liberty-blume-acquires-phl-insurance-brokers-ltd/ [3] https://www.libertyglobal.com/ [4] https://www.libertyglobal.com/investors/ [5] https://www.libertyblume.com/about/
- The acquisition of PHL Insurance Brokers Ltd, a specialist Lloyds of London insurance brokerage, by Liberty Blume, a business solutions company based in the UK, was announced on their official website. (ffnews.com)
- In a move to strengthen its Financial Solutions arm, Liberty Blume, a company that offers services in finance and technology, made its first strategic acquisition, focusing on business expansion and revenue growth. (business)
