A national insurance broker headquartered in Birmingham has purchased a legal indemnity specialist as part of rapid expansion plans.
Adler Fairways has acquired London-based Intelligent Real Estate Due Diligence (IREDD) – one of five purchases in the past 12 months as part of a strategy to grow its specialisms.
Adler Fairways is a chartered independent insurance broker providing insurance and risk management advice, employee benefits, and health and wellbeing services to commercial and private clients from seven offices across the UK, including its Birmingham HQ at Prudent House.
Co-founded in 2010 by directors Robert McNally and Moz Gamble, IREDD is a legal indemnity specialist based in London which provides a client-focussed, broker service, operating in the real estate investment market.
The shareholders of IREDD were represented by Mallory Coxe and Emily McFadyen from Wright Hassall – a full-service law firm based in Leamington Spa, Warwickshire.
Robert McNally said: “We are thrilled to have joined Adler Fairways and are excited to be part of their future so that IREDD may continue to deliver insurance solutions tailored to our client’s needs, coupled with exceptional levels of service.
“The Wright Hassall team was an excellent support in getting this deal over the line, and Mallory’s transactional experience in particular made her a terrific person to have beside us throughout the process.
“Her grasp of strategy meant that the team’s advice was timely and appropriate for the deal, providing practical, sensible and commercial advice which was invaluable.”
Mallory Coxe recently joined Wright Hassall’s eight-strong corporate team, bringing with her vast experience of working with a range of owner-managed businesses, large corporate and private equity firms.
She said: “Robert and Moz are experts in real estate finance transactions, and IREDD’s innovative practices have helped secure a leading reputation in the legal indemnities marketplace.
“It’s been great to jump straight into dealmaking and work very closely with two impressive individuals to see this transaction through from start to finish and play my part in helping propel IREDD to the next level.
“Our corporate team has been very busy, particularly over the final quarter of 2023, but the work we have put in place to grow our offering means we are well-placed to take on new work and deliver results for our clients over the coming year.”