Clear looking to buy “three or four” brokers
Lickens says broker is considering purchasing firms with around £2m to £10m in GWP.
Clear Insurance Management is planning to acquire three to four brokers following a refinancing deal of £6.5m.
Chief executive, Howard Lickens, told Insurance Age that the money, from Clyesdale Bank, would allow it to make more acquisitions and revealed that he was currently working with four brokers on potential deals.
Although he said you never know if a deal will go through until it has completed he added: "I'll be disappointed if two or three don't come off."
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