Blink and you’ll miss it – Seventeen Group is maintaining a rapid pace of M&A in Scotland.
The insurance group, the name behind both James Hallam and Touchstone Underwriting, completed a swoop for Glasgow-based CCRS Brokers earlier this week. Now, it has announced a second deal – moving for Broker Scotland Ltd, a property sector specialist.
The brokerage, which also operates from Glasgow, handles GWP of £4.75 million. The business dates back to 2013 and will retain its existing premises and team, including owners Scott and Louise Campbell.
“This is the right move for our staff and clients,” said Scott Campbell. “We have significant opportunities to grow our business but needed the right partner to help us deliver our ambitions. The expansion of Seventeen Group in Scotland is a great boost to the independent broking community.”
Seventeen Group now boasts more than 350 staff with 12 offices across the UK and three locations in Scotland.
“We are delighted to welcome Scott, Louise and the team on board,” said Seventeen Group chief executive Paul Anscombe. “Broker Scotland is a growing business seeking to develop further. With our recent acquisition of CCRS in Glasgow, we see the two teams working closely together to build our business in Scotland.”
