Towergate-owner Ardonagh Group to buy Carole Nash


Towergate-owner Ardonagh Group has exchanged contracts to buy Manchester-based motor broker Carole Nash and SME broker Mastercover.

The company announced the deal in a statement but did not confirm its value.

According to reports in Insurance Insider the deal is valued at over £60m while the Telegraph reported a figure of between £62m and £65m.

Carole Nash will join Autonet, which the Group acquired in 2015, in Ardonagh’s distribution segment.

CEO of The Ardonagh Group David Ross said: “Car

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: