Bluefin completes first acquisition in planned consolidation surge
Stuart Reid has acquired the general insurance business of Peterborough based G M Towns & Partners.
G M Towns was established in 1973 and has around 1,200 mainly commercial clients for whom it places around £5m in annual premiums.
In a statement, Bluefin said all seventeen employees would be invited to remain with the broker and the operation would continue to be based at its current premises in Priestgate.
Bluefin chief executive Stuart Reid commented: "We're an ambitious and growing organisation and are always looking for further acquisitions that will strengthen our regional presence.
"The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker