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Towergate sells Milburn to UBT in £2.2m deal

acquisition-sold

Towergate Insurance Brokers has sold Milburn Insurance Brokers to UBT (EU) in a £2.2m deal that completed on 1 November.

The deal sees Milburn’s books of business, an office in Chelmsford and approximately 22 employees move to UBT, Post can reveal. 

It has been structured with £100,000 in cash, a £300,000 deferred

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