Leeds-based broker adds £4.5m to annual premium income
Leeds-based broker Marshall Wooldridge has acquired the entire share capital of Garforth based HNH Insurance Brokers, a former Broker Netwok member.
All staff will be remaining with the group and HNH will continue to trade from its current premises.
The aquisition will add £4.5m in annual premium income to the new group. Marshall Wooldridge now controls £22m premium income and has 70 staff.
Marshall Wooldridge recently gained Chartered broking status.
James Hall, managing director of Marshall Wooldridge said: "We are delighted to acquire a business of the standing of HNH and this acquisition fits in with our overall strategy for our business of strong organic growth and selective acquisitions. HNH is a business that matches our values regarding staff and customer care and we are delighted to have Derick Nichols,Stuart Haxton and their team on board with us."
Marshall Wooldridge are members of the Brokerbility Group and are the accredited brokers for the England & Wales Cricket Board.
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