York-based Cavere Group acquired by Graphco
York-based insurance distribution and administration business, Cavere Group, has been acquired by Graphco Ltd, the holding company of Doncaster-headquartered Uris Group Limited.
Cavere said that following the acquisition, both its Cavere and Coverbaloo brands will be retained, with the group continue to operate from its existing York office. All current employees will remain with the business, with Cavere chief executive Paul Thompson set take on a strategic role within the wider Uris Group.
Mr Thompson said: - “Joining the Group marks an important milestone for Cavere, our team, and our broker partners. We have spent the past 17 years building a strong business and trusted brand, and that will remain unchanged.
“What this gives us is the backing and resources of a larger group, while allowing us to retain our identity, our York office, and the team our partners know.”
The shareholders of Cavere Group were advised on the transaction by a team at Andrew Jackson Solicitors, led by corporate partner Martin Frost.
Derek Coles, CEO of UGL, said:“Cavere has built an excellent reputation over many years through a combination of strong products, great service, and long-standing relationships with its brokers and partners..”