13th January 2021
LCL have advised the shareholders of Manchester based Quadra Claims Services on the sale of their interest to Woodgate & Clark.
“I am delighted that the team has been able to assist the shareholders of Quadra in bringing the deal to a successful conclusion. The acquisition was about growth for both companies and is indicative of the resurgence we have seen in M&A opportunities for those businesses that have successfully weathered the challenges the last year has presented”
The Leonard Curtis Legal team was led by Jennifer Moore together with Sherrelle Scott, Laura Green and Jenny Fell.
Quadra Claims Services was founded in 2010 and specialises in heritage and ecclesiastical buildings, HNW losses and other property claims.
It also owns Quadrassist, a bespoke building contractor network.
The deal will give Woodgate & Clark access to complementary services in niche and specialist personal lines, and accelerate growth by 20 per cent during the next two to three years.
Managing director Phil Scarrett said: “This is a great deal for us, our partners and their customers. Although we will go through some measured integration, this acquisition is about growth through collaboration and new proposition development, rather than cost cutting.”
The Quadra brand and offices will remain in situ, with the entire 80-strong team – including directors John Carr, Dave Greenwood and Simon Jones – set to become part of the group.
“There will be no job losses as a result of this deal; on the contrary, this is a growth story, and we expect that our added scale will build growth and lead to more recruitment for the business over time,” Scarrett.
Carr said: “Woodgate & Clark has the integrity and values we strongly identify with and I am hugely excited by the opportunity to become part of a bigger team.
“We see growth opportunities from increased scale, and the group will deliver additional investment in training the next generation of adjusters, which is a top priority for our industry.”
James Eveling and Emma Robinson from Knights PLC advised Woodgate and Clark.
Quadra was advised by Leonard Curtis Legal, led by Jennifer Moore, and Champion Accountants.