Consolidator makes tenth acquisition of the year

Michael Rea - Towergate

Towergate Group has bought Broker Network member Harry Fort Insurance Brokers.

The buy marks the tenth acquisition so far this year for the group, which includes Towergate Financial and Cullum Capital Ventures (CCV).

Harry Fort Insurance Brokers is an independent broker originally founded by current managing director Chris Fort’s father and brother in 1982. The business has been a member of Broker Network for 10 years and handles both commercial and personal lines business.

Towergate retail division chief executive Michael Rea said: “I’m delighted to be able to announce this latest addition to the Towergate Group. The acquisition of Harry Fort will allow us to grow in a previously untapped area of Dorset. 

“We are currently in discussions with a wide range of regional brokers, who are thinking of selling their businesses. We strongly believe our flexible attitude to doing deals means we can make it work for operations of all shapes and sizes.”

Chris Fort added: “This is a fantastic deal which will bring huge opportunities to our clients as, with the backing of Towergate, we will be able to enhance both our service standards and product offering. Towergate’s ethos of great customer service is one which I share and I am looking forward to becoming part of the team.”

This latest acquisition will be Towergate’s fourth in the South West region in the past 12 months.