Coverforce has completed the acquisition of a 50% shareholding in Leed Insurance Group Pty Ltd (Leed) taking effect from 1st July 2017. The Leed management team, led by CEO Con Manetas, will continue to manage and operate the business with the financial and administrative support of the wider Coverforce group.
Leed, with the backing of Coverforce, plans to embark on an aggressive acquisition growth strategy. Leed will initially be rebranded Coverforce Leed Insurance Brokers. The co-branding is an interim step towards Coverforce Leed Insurance Brokers adopting the Coverforce brand in Western Australia. Leed is a highly respected 32 year old insurance brokerage known for its ability to deliver quality outcomes for clients through compelling product and service offerings.
Jim Angelis, CEO of Coverforce, described Leed as a standout Perth brokerage. “Con Manetas and his team have built a remarkable business. Con has over 40 year’s industry experience and is an ex-IBNA Chairman and Board member and a current member of the AIMS Product Committee. We are very excited about working with Con to realise the significant opportunities this partnership can deliver.”
Con Manetas said, “We are delighted to join forces with an existing IBNA member in Coverforce, a trusted brand and one of Australia’s largest privately owned insurance brokerages. This partnership provides us with significant opportunities and is an excellent strategic fit for us. We look forward to working with Coverforce to build on the success my team has achieved over the years.”
Con Manetas will also join Jim Angelis and Tony Goldsmith on a Coverforce subsidiary board to assist with further expansion.