The Clear Group acquires £14.5m GWP family-owned broker

The Clear Group has acquired CR Toogood and Co to strengthen its UK retail capability and southern presence.

Based in East Horsley, Surrey, CR Toogood is a third generation family business currently led by Peter Toogood.

The broker offers a range of services, including commercial insurance, employee benefits, life insurance and mortgage broking.

It has a team of 19 professionals and secured gross written premiums (GWP) of £14.5m in 2024.

The Clear Group acquired the firm as it looks to continue investing in its UK retail offering.

The transaction also strengthens the broker’s footprint in the south of England, complementing its presence in nearby Horsham and London offices.

Mike Edgeley, group chief executive at The Clear Group, said: “This acquisition reinforces our strategy of investing in high quality businesses with specialist offerings and strong cultural alignment.

“We’ve known the Toogood team for over 15 years and share a common ethos, one that prioritises looking after both clients and employees. We are excited to support the next phase of growth under Toogood’s leadership.”

Other deals

As part of this transaction, The Clear Group will also acquire the trade and assets of Crisp Specialist Risk and Lanning Toogood Limited, two closely affiliated businesses to CR Toogood.

Toogood said: “Joining The Clear Group marks a significant milestone for our business. We’re proud of the legacy we’ve built over three generations and I’m confident that The Clear Group is the right partner to take us forward.

“Its commitment to maintaining our local presence and investing in our people ensures our clients will continue to receive the personal, professional service they value.”