FAQ - PSC Acquisition of GGIB

 

Why the change?

Two Thousand and Nineteen marks 30 years since the formation of Griffiths Goodall Insurance Brokers Pty Ltd (“GGIB”).  Founded by Dudley Griffiths and Joseph Goodall in 1989 as a small Shepparton-based brokerage, we have earnt a solid reputation for delivering outstanding service and value to our clients.  In the years since, our firm has developed a large presence in the market and evolved into one of the largest privately-owned insurance brokerages in the country. Our active directors John Griffiths, Benjamin Goodall and Nathan Goodall have all been instrumental in developing our national client base, achieving outcomes far beyond our own expectations.

PSC’s acquisition of GGIB ensures we are able to continue our growth story, build on our succession planning, provide greater professional development and growth opportunities for our dedicated team and continue to deliver the best possible value and service to our clients.

What role will our directors have?

Our directors will be heavily invested in PSC and are demonstrating this commitment by transferring large portions of their ownership in GGIB into shares in PSC, an ASX listed entity.

Ben, Nathan and John will continue to lead and run Griffiths Goodall as they always have, with no impact to their roles or their commitment to their clients. Joseph will also continue to fill his role as brand ambassador.

Will there be a name change?

We will incorporate PSC into our trading name and be known as PSC Griffiths Goodall.

How will this impact me?

In joining forces with PSC, we will have even greater access to a wider range of global insurance providers and products meaning you will receive access to the most competitive and best fit insurance services to meet the individual needs of your business. 

There will be no impact on our clients and we will continue to offer best practice service levels. Your current contact points within our business will remain in place as will our contact details.

Will there be any change in staffing?

At GGIB we are committed to growing and supporting our dedicated and talented team.  All staff have been fully briefed on this exciting new chapter of GGIB and will remain as part of the business and are excited about the opportunity. As part of the new group we will be able to provide greater professional development, training and growth opportunities.

Will there be any impact to our Shepparton office?

Our client base is national, but we recognise the importance of our presence in our small city. Built in Shepparton, grown in Shepparton and committed to the future of the Goulburn Valley, all directors and our existing team will remain locally. As always, we will maintain and value our focus on supporting local businesses and suppliers. Our staffing size and offices will remain as they are for the long term.

Who are PSC?

PSC Insurance Group is recognised as one of Australia’s leading risk management and insurance brokers providing risk financing, insurance, risk management and claims management solutions.  An ASX listed entity, PSC have operations across all Australian States and Territories, as well as New Zealand and the UK.  To learn more about PSC Insurance Group please visit their website www.pscinsurance.com.au