UK broker Ethos creates Midlands hub through acquisition

UK-based Ethos Broking has acquired Compass Network member Perry Appleton to create a footprint in the Midlands.

Appleton controls over £7 million in GWP from its Rugby office. The business specialises in professional indemnity, commercial combined, property owners, motor fleet and high-risk liability.

Commenting on the deal, Richard Tuplin, Ethos Broking's managing director said: “The Midlands have been an area of focus for us for a while now and from the first meeting I had with Simon, it was clear that the Perry Appleton team share the same passion as we do for supporting customers. Perry Appleton will play an important part in our strategy as we continue to grow our regional powerhouses across the UK and expand our presence throughout the Midlands.”

Perry Appleton’s MD Simon Leech added: “Becoming part of Ethos Broking will be of great benefit to our staff and clients. It was the natural home for us as it will allow us to focus on building our presence in the local community whilst at the same time offering our customers all the advantages of being part of the Ethos family.”