General Insurance Article - Aon complete acquisition of Portus Consulting

TLT has acted for the shareholders of Portus Consulting, the independent UK-based employee benefits firm, on its acquisition by global professional services firm Aon. The deal was first announced in July 2017 pending FCA approval and completed on Monday 2 October.

 Portus has a leading position in the UK professional services market, particularly the legal sector and among SMEs with 50 to 750 employees. The deal supports Aon's ambitions to grow its UK employee benefits business both organically and through acquisition. Portus will join Aon Employee Benefits, which provides consultancy, broking services and technology to 2,500 large and SME corporate clients, covering over 1 million lives in the UK.

 The team at TLT included partner Andrew Webber, associate James Webb and trainee solicitor Holly Evans in the firm's corporate team, along with employment and employee incentives specialists, legal director Alison Cameron and associate Lizzie Stone.

 Stuart Gray, founder of Portus Consulting, says: "This acquisition brings together two very strong businesses and the joint team will create vast expertise and offer innovative products to the market. I am really pleased that the business and our customers will continue to prosper and I am grateful to TLT for their speed, professionalism and expert advice throughout the process and in our dealings beforehand."

 Andrew Webber, partner at UK law firm TLT, says: "Having known Stuart, Dave and the team for some time, it was a pleasure to work with them on this transaction, which recognises the strength of the business they have built."

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