Ellis slams broker acquisition prices
The chief executive of The Broker Network has slammed the price of acquiring brokerages following th...
The chief executive of The Broker Network has slammed the price of acquiring brokerages following the publication of strong end-of-year results for the company.
Grant Ellis said that the firm continues to seek opportunities to acquire, despite having held unsuccessful talks with London-based Lark. Groupama subsequently bought a majority stake in the broker for a price that a market source suggested valued the company in the region of £40m.
Ellis said: "The market for broker purchases is fiercely
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