Leeds’ JM Glendinning Insurance Brokers has acquired Birmingham-based Madoc & Rhodes (Lea Village) Ltd, strengthening the JMG Group portfolio.
Incorporated in 1967, Madoc & Rhodes is a team of seven insurance brokers headed by MD Paul McGrory, who has worked in the insurance industry for over 37 years. The business will continue to deliver vehicle, home and property insurance services from its Lea Village office, whilst working closely with JM Glendinning’s Birmingham-based business.
Paul McGrory joined Madoc & Rhodes in 1985, became co-owner in 1997 and sole owner in 2008. Paul says: “We’ve experienced significant growth over the last 12 months and by joining the JMG Group, we are now stronger than ever.
“We are a friendly and proudly traditional team that thrives on delivering outstanding customer service. Every client is important to us and we have a fantastic retention rate. In fact, we have fifty clients who have been with us for over 50 years – I think that makes us unique!
“I was considering a change in career when this opportunity came about but I am delighted that the right business came along at the right time. This move will allow me to get back to the shop floor, working directly with clients and investing time in the team and developing our offering.”
Jake Fox, group managing director at JM Glendinning, says: “This is a great opportunity for JM Glendinning and will unlock many opportunities as we build upon the existing well-known brand and quality service that’s already associated with Madoc & Rhodes.
“As a long-standing firm in Birmingham, we believe Madoc & Rhodes will complement our established team in Birmingham, led by Chris Hitch, and add breadth to our existing base in the city and beyond. Paul’s strong, principled leadership will no doubt help continue driving growth in the business.”
Madoc & Rhodes was advised by Worcester-based The Company Solicitor and MDP Accountants.
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