Acquisition vehicle Cullum Capital Ventures (CCV), a sister company of Towergate, has made its sixth acquisition in as many months.
It purchased Essex-based broker Gardners, a taxi and property owners specialist.
The deal brings CCV almost to its first year target size of £44m gross written premiums, to be reached by June 2007.
The acquisition of Gardners increases CCV's gross written premium by £2m to £42m.
CCV, which was launched in June this year, has an acquisition war chest of £100m funded by the Bank of Scotland and private investors. It targets small to medium size regional brokers.
Tim Johnson, CCV chief executive, said: "Gardners is a very well run business and has particular expertise in property owners and taxi insurance.
"In spite of recent market conditions, it has grown steadily over the past few months and I am confident that we can help boost that growth still further."
Last month, the company purchased three Country Mutual branches - in Bolton, Cheltenham and Kings Lynn - from Towergate.
In August, CCV completed the purchase of regional broker Richard V Wallis, based near Birmingham.
It made its first signing in June of Hertfordshire-based Moffatt Saunders.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
