Finch Group acquires Portsmouth broker

Ethos Broking’s Finch Group has acquired Portsmouth-based independent broker Hughes & King for an undisclosed sum.

Hughes & King, which was established in 1988, has eight staff and handles a gross written premium of £4m. Following completion of the deal, the business will retain its current premises and director Roy Blackburn will take over as commercial manager.

Hughes & King is also a member of the Compass network, which is part of the Bravo Group which also owns Ethos Broking. Ethos Broking is Bravo’s broking acquisition vehicle and was rebranded last year, having previously been known as Broker Network Partners.

Vince Gardner, Ethos Broking M&A director and former MD of Finch Group commented: “This purchase marks another milestone for Finch and their growth ambitions as they acquire their 11th business as part of Ethos Broking.”

Bravo Group CEO, Des O’Connor commented: “The current landscape is uncharted territory for all of us and nobody knows for sure how this health crisis will play out. However, it’s businesses that respond quickly and decisively that will reduce the impact on results and of course customers.

“Therefore, now more than ever before we are looking to partner with high quality, well managed and ambitious management teams that are aligned with our culture, values and ethos. We will maintain our momentum and look forward to announcing our next acquisitions in the not too distant future.”

    Share Story:

Recent Stories