Momentum Broker Solutions (Momentum) and AUB Group Limited (AUB) today announced an agreement for AUB to acquire a 40% equity stake in Momentum, a leading Authorised Representative network based in the UK
- For Momentum, the partnership allows the business to retain its independence and entrepreneurial drive, whilst providing access to unparalleled expertise and the ability to invest in further growth
- For AUB, the investment is a key step in expanding its existing Retail broking footprint in the UK. AUB will leverage its experience and capabilities operating market-leading Delegated Authority and Authorised Representative Networks in Australia and New Zealand into the UK market, for the benefit of Momentum’s broking partners and clients
- The transaction is subject to regulatory approval
Commenting on today’s announcement, Howard Pepper, Founder & Managing Director, Momentum Broker Solutions said:
“We are delighted to advise that AUB Group, a leading player in the Australian and New Zealand AR marketplace, are making an equity investment in Momentum. AUB is one of the fastest growing global insurance broking networks with a broad range of investments in all sectors of the industry. In developing Momentum, we took a lead from the success of the model in other territories, in particular Australia. The size and success of the marketplace in Australia illustrates the scope of the opportunity and we are incredibly proud to be working with AUB as an investor and excited by the opportunities this will provide for us and our partners. A partnership between AUB and Momentum aligns to our strategic agenda, given AUB’s model enables us to retain our independence whilst providing access to unparalleled expertise and expanding our ability to invest in the further growth of Momentum and our AR partners.” 
Mike Emmett, AUB Group CEO and Managing Director said:
“We are delighted to announce our partnership with Momentum, a high performing business with an excellent management team which has delivered impressive growth to date. Our investment in Momentum is a foundational step to enable AUB’s strategy to build scale and capability in the UK Retail Broking market, a segment of significant interest given our experience and capabilities in this area in the Australian and New Zealand markets. I am pleased to welcome Howard and the Momentum team to the AUB family, and look forward to working with them as they continue to enhance their value proposition for brokers and clients and continue their exciting progress.”
