Partners& has acquired trade credit and surety bond broker Avenue Insurance Partners and B2B debt recovery specialist Ko-bolt International. Partners& said the deals would broaden the firm’s proposition and enable it to better support clients in building resilience.

Both firms were previously part of Tavistock Group and are led by Shaun Purrington. They will operate from the Partners& South-West hub office in Bristol.

Phil Barton (pictured), group CEO of Partners&, said: “Shaun and I have worked together for many years. We share the same burning desire to create a stand-out business that is fully focused on the needs of clients.

“Many of our clients already work with Shaun and his team, so bringing the team fully into Partners& made great strategic sense.”

Purrington added: “It’s been a privilege to lead Avenue from start-up through to a market leader, with the backing of Tavistock Group… we can now continue our journey as part of the Partners& team and benefit from the additional expertise and commercial reach to support our clients and deliver continued growth.”