Broker Network in £12.5m deal
The retail division of the Broker Network has made its most significant acquisition to date. It has ...
The retail division of the Broker Network has made its most significant acquisition to date. It has purchased a 75% stake in Towry Law Insurance Brokers from wealth management specialists JS&P Finance Company, who recently bought Towry Law.
The remaining 25% stake was bought by TLIB's management team, headed by managing director Martin Wright. Altogether the deal is worth £12.5m, with the Broker Network taking out a new bank debt to fund the majority of their share of the deal.
TLIB deals with
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