Acquisitions on the rise
“We’ve seen more activity this year than last. Everybody I speak to wants to buy books of business, get in new teams or do small acquisitions. There is certainly the appetite out there for buying up businesses”
The broking sector could be on the cusp of a new wave of consolidation following Giles’ recent £5.1m bid for CBG Group and Gallagher’s courting of Oxygen.
Although neither deal had been completed at the time of going to press, John Needham, partner in the broking team at accountancy firm Littlejohn, predicted there would be further offers for Manchester-based CBG and that acquisition activity was picking up in the wider market.
“We’ve seen more activity this year than last,” he said. “Everybody
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