BMS has acquired Austbrokers Coast to Coast (C2C), the specialist Australian corporate, business and retail broker. The terms of the transaction have not been disclosed.
Based in Burleigh Heads on the Gold Coast in Queensland, C2C was founded in 1982 and specialises in transport, construction, hazardous goods and SME retail.
The acquisition is part of BMS’ ongoing expansion effort into the Australian market. BMS will be acquiring C2C in full, with staff and infrastructure transferring into BMS’ existing business.
Andrew Godden, chief executive of BMS’ Australian business, says: “The acquisition of Austbrokers Coast to Coast represents a significant step in the expansion of BMS in Australia, and this latest acquisition further enhances our position in the market.”
Dale Hansen, C2C principal and leading figure in the National Insurance Brokers Association, adds: “This partnership with BMS will be highly beneficial for C2C and its clients. I’m extremely proud of the talented team we have built at C2C, who have been instrumental in getting us to where we are today.”
