Exeter-based broker targets South west with Devon acquistion

UK records surge in all-equity buyouts

Fidelius Insurance Services has acquired Devon-based Ottery Insurance Services for an undisclosed sum.

Ottery Insurance Services currently controls £2.4m in gross written premium and under the terms of the deal, Fidelius will retain all nine employees.

Fidelius, which also has offices in Bath, said the acquisition formed part of plans to grow its business in the south west.

Matt Sanders, managing director of Fidelius, said: “Ottery Insurance Services is a very successful broker with an impressive client list, excellent staff and we are delighted to have completed the deal. Clients will benefit

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