Bravo Group spent £53m on deals in 2018
The Broker Network owner, which also posted a loss for the year, made a number of large deals including Saffron, Compass, MCM and Lockyers.
Bravo Group, owner of Broker Network and Compass, spent a total of £53m on acquisitions in 2018.
According to the business’ financial results for 2018, the group bought 10 brokers during the year in order to build on its “regional powerhouse” structure. In 2017, Bravo made deals for a total of £42m.
Simon Drew, chief financial officer at Bravo, told Insurance Age that the business “had a good run of it last year”, but added that the firm’s model was about buying the right businesses rather
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