Shoosmiths has advised private medical insurance broker Chase Templeton, on the strategic acquisition of Atlas Consulting Group Limited adding £13.8m of annual premium income (API) and representing the largest acquisition by the company.

This acquisition of Atlas Consulting Group brings to Chase Templeton a broader client base with many larger corporate clients and a dedicated specialist sales team.

Since securing investment from Palatine Private Equity in 2013 Chase Templeton has completed more than 40 acquisitions of other private medical insurance brokers and books of insurance business making it the biggest consolidator in its market and Shoosmiths has advised them all along the way.

In May, Shoosmiths advised Chase Templeton on the acquisitions of both Get Private and Medical Insurance Advisors, which together added £7.8m of additional API to the business, this has since been followed just last month with the acquisition of Best Go Private contributing another £3.1m of API.

The acquisitions have contributed to Chase Templeton's substantial growth in annual premium income, turnover and profitability and it has moved into new headquarters to accommodate a 50% increase in staffing levels. The combined business now has over £125m in Annual Premium Income, protects over 110,000 lives and employs nearly 100 staff who serve in excess of 35,000 corporate and individual clients.Shoosmiths corporate partner, Karen Procter - who has worked with Chase Templeton closely since 2012 - and associate Benjamin Dredge, advised on the acquisition of Atlas.

Warren Dickson, chief executive of Chase Templeton, said: 'This is a particularly significant deal, not just in terms of its size but its strategic importance as it will extend substantially our presence in the larger SME and corporate market.

'We're grateful to Shoosmiths for a highly professional and responsive service which enabled another smooth transaction, allowing us to focus greater executive energies on planning the integration of policyholders and former Atlas staff into our business.'

Shoosmiths' Karen Procter, who counts 16 years' experience of advising on corporate transactions, said: 'Chase Templeton is a fast-growing company with a great reputation for customer care. Shoosmiths and Chase Templeton have worked together on a large number of acquisitions, but this acquisition is particularly strategic and the largest undertaken. We look forward to continuing the relationship as Chase Templeton maintains its strategy for growth.'

Shoosmiths' corporate team advises public and private companies, management teams, investors and debt providers through the business life cycle. Shoosmiths work with businesses from start-up and first round finance through to mergers and acquisitions, MBO and MBI transactions, development funding and on exits, by way of sale, listing or private equity investment.

The national corporate team is ranked in second place by deal volume in Experian's UK Deal Review and Advisor League Table and has recently won Law Firm of the Year at the M&A Awards 2015.