QuestGates announces acquisition of CPAdjusting

2nd November 2022: QuestGates today announces its third acquisition of the year with the completion of its purchase of CPAdjusting Limited.

Following a number of new business wins over the past year which contributed to QuestGates achieving record revenue levels, this acquisition cements QuestGates’ position as the UK’s largest independent loss adjuster with a staff-base of over 400.

With offices in London and Bristol and led by managing director, David Croston, CPAdjusting provides property and liability loss adjusting, TPA services including risk management and surveying, predominantly to Lloyd’s and London market insurers.

Chris Hall, Managing Director of QuestGates, says: “I’ve known David for over 25 years and he and his team have established a great reputation in the Lloyd’s and London market. We’re ambitious to grow our presence further in these markets so bringing CPAdjusting under the QuestGates banner is a significant step to helping us achieve that goal.”

CPAdjusting will be fully integrated into QuestGates but will continue to operate under its existing brand. The management team will remain in their current roles and will become shareholders in QuestGates.

CPAdjusting Managing Director, David Croston, adds: “The QuestGates brand is synonymous with service and technical expertise, and that is what we are all about. Becoming part of the QuestGates family whilst retaining our own brand will deliver mutual benefits to both businesses and more importantly an even more compelling proposition to insurers, underwriters, coverholders and brokers.

“It is business as usual, now with added depth and breadth of resource and expertise to enable CPAdjusting to move up a gear”

The transaction has been completed without the need for external finance.