Cobra makes post-AIM acquisition
Cobra Holdings, has acquired the share capital of West Byfleet commercial broker, Tubbs Insurance Services.
Tubbs, controlling around £4.5m, will be integrated with an earlier acquisition, KW Batten as part of Cobra’s Hub and Spoke strategy, linking regional brokers with smaller, independent firms. The combined operation is expected to add in excess of £1m of revenue to the group.
Neil Carter, managing director of Tubbs, commented: ”We have been a member of the Cobra Network for several years and as a company, we appreciate the advantages this brought us. Having now been acquired by Cobra Holdings, we
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