Acquisition trail still being walked
Despite the recession, brokers both large and small are still seeking to consolidate their market positions, writes Andrew Tjaardstra.
Although acquisition activity has slowed as a result of the credit crunch, there has been a trickle of deals from some smaller acquirers in recent weeks. Hastings-based Green Campbell Fisk, headed by directors Clive Galbraith and Duncan Coleman, has bought Folkestone-based commercial broker Stennings and its subsidiary Blackmore Heath, which is based in Sittingbourne. Both are Club 110 members and Aviva provided funding for the deal.
In June's PB (pp.28-31), Galbraith said that his broker had
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