The Compass Network member controls £7m of GWP from is Rugby-based office

Ethos Broking has completed the acquisition of Compass Network member Perry Appleton.

Established in 2000, the Rugby-based business is led by managing director Simon Leech, employs 14 members of staff and controls more £7m in gross written premium (GWP) from its single office.

The entire Perry Appleton workforce will join the Ethos business as part of the deal.

The broker specialises in professional indemnity, commercial combined, property owners, motor fleet and high-risk liability. 

Local community presence

Leech said: “Becoming part of Ethos Broking will be of great benefit to our staff and clients. It was the natural home for us as it will allow us to focus on building our presence in the local community whilst at the same time offering our customers all the advantages of being part of the Ethos family.”

Ethos Broking managing director Richard Tuplin added: “The midlands have been an area of focus for us for a while now and from the first meeting I had with Simon, it was clear that the Perry Appleton team share the same passion as we do for supporting customers.

“Perry Appleton will play an important part in our strategy as we continue to grow our regional powerhouses across the UK and expand our presence throughout the midlands.”