Law firm Stephenson Harwood LLP has advised the shareholders of the Sutton group on its sale to Acrisure, a US-headquartered insurance company.

The Sutton group comprises two main businesses: Sutton Winson, founded in 1955, is a commercial SME and specialist personal lines insurance broker and professional risk advisory business specialising in defined sectors and trades, offering bespoke insurance solutions and Risk Management services to clients across the UK and internationally; Sutton Specialist Risks, formed in 1989 to provide niche expertise and wholesale insurance products to meet the needs of clients operating in the security and fire protection.

The deal is subject to formal regulatory approval by the Financial Conduct Authority.

"The Stephenson Harwood team guided us through the legal aspects of our complex transaction," said Kim Lyle, Director at Sutton Group Holdings. "They were extremely hard working and their efforts to get this transaction over the line were invaluable."

The Stephenson Harwood team was led by corporate partners Sam Gray and Jonathan Bridcut, who were supported by associate Charmaine Yuen.

Further assistance was provided by: real estate consultant Stewart Scott and associate Leo Curtin, who advised on real estate elements bespoke to the transaction; employment partner Richard Freedman and associate Imogen Heywood-Lee, who advised on the employment aspects for outgoing sellers and remaining employees; and the regulatory and tax teams, including partners William Robertson, John Meehan and Nicholas Stretch, and associates Poppie Bouch and Fiona Baylis.