Legal and professional services group Gateley has acquired multi-disciplinary chartered surveying practice Smithers Purslow, extending the depth of its services for the high-value property insurance claims market
The deal, worth £20 million, is Gateley’s largest acquisition to date.
The business will be known as Gateley Smithers Purslow going forward and boasts a multi-disciplinary chartered surveying practice of building and quantity surveyors and civil and structural engineers.
It specialises in services to the property insurance claims market and resolves high-value claims for insurers, policyholders and their advisers.
Smithers Purslow’s entire staff will be remain with the business. Managing director Stephen Fraser and senior director Andrew Bussey will join the Gateley Smithers Purslow management board.
Fraser commented: “We pride ourselves on providing a first-rate service and being part of Gateley demonstrates we’re a serious player in the industry. The partnership will allow us to enhance our offering even further by attracting and developing the best talent, as well as expanding our geographical presence.”
Rod Waldie, chief executive officer at Gateley, added: “Smithers Purslow’s growth over the last decade has been impressive and it is a highly regarded market leader in the property insurance claims sector, in which we see a significant opportunity to develop broader and deeper relationships with insurers and insurance intermediaries.”