Inflexion has made an investment into DR&P Group Limited (DR&), a corporate insurance broker based in the North of England. The investment is being made by Inflexion Enterprise Fund V, Inflexion’s lower mid-market fund.
DR&P provides insurance products to a broad customer base across a range of end markets, with a focus on providing a tailored service to equip its clients with the best advice and competitive costings. The business was established in 1977 and has an enviable reputation, enjoying excellent relationships with blue-chip insurers across the UK.
Inflexion is well positioned to help DR&P realise its continued growth plans due to its deep sector experience, with numerous investments in several insurance businesses. Inflexion are backing the incumbent management team to continue to build on their differentiated service-led proposition and will support the business in its alternative market strategy.
John Page, Group CEO, DR&P, says: “We are incredibly proud of the business we have built and look forward to accelerating our future growth with Inflexion’s backing and experience. Our investment from Inflexion will allow us to offer our flexible solutions to like-minded businesses who want to become part of a truly independent broker, providing a genuine alternative to the consolidator model. We are excited to see where this collaboration will take DR&P in the coming years.”
Simon Turner, Managing Partner, Inflexion, adds: “DR&P is a fantastic business, with a service-led proposition that places the customer at the heart of everything it does. We look forward to supporting John and the team in their ambitions to grow organically and through acquisition, and we have no doubt that our partnership will lead to significant growth in DR&P’s business.”