HPS to fund Broker Network acquisition drive
Network boss Andy Fairchild hopeful of completing first deal before end of 2016.
Broker Network chief executive officer Andy Fairchild has confirmed it will be pursuing an acquisition strategy in the months and years ahead.
The network was bought by Highbridge Principal Strategies (HPS) from Towergate in March with the latter retaining a 19.9% stake.
HPS is also the lead owner of Towergate.
“The majority ownership of our business has transferred to HPS,” Fairchild said. “It is via that vehicle that we will access capital to buy brokers and fund their development over the
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