GRP-backed County Group has acquired a Wigan-based commercial broker as part of a plan to double its size.
County bought a majority stake in Guardian Insurance Brokers, a firm that handles £14m in premium.
It is the first deal from County after the business was bought by consolidator GRP in January.
County CEO Dave Clapp said: “This is the first of many acquisitions planned under the banner of GRP Group, as we work towards achieving our plan to double our size over the next five years.”
Guardian co-founders Steve Smith and Adrian Mead will continue to run the business.
With the acquisition of Guardian, County handles over £80m premium, from 25 branches, predominantly in the Northwest.
Mike Bruce, GRP’s CEO for broking said: “GRP is fully committed to accelerating growth through our UK regional centres, and we have a strong pipeline both via the hubs and through potential acquisitions at group level.”
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