The Folgate Partnership has continued its aggressive expansion by acquiring Leeds-based broker Cowburn &Company.

Folgate will integrate Cowburn into its SMG hub. Cowburn is primarily a commercial lines broker,
with premium income of £5m and revenue of about £700,000.

The SMG hub was created through the acquisition of Smithson Mason Group in February 2002.

Folgate will retain all Cowburn staff and Cowburn managing director Mike Cowburn,who is a member of the GISC smaller practitioners panel, will become a director of SMG.

The acquisition, which came into effect on 1 April, does not include Cowburn's financial services business.