CBG Group, an insurance broker, financial adviser and healthcare specialist, has completed the acquisition of Howgud Limited and its trading subsidiaries - EDN Insurance Services, E Davies Northern, and EDN Financial Services.
CBG said that the acquisition consolidates its position within the north west marketplace and it will benefit from the enhanced buying power of the consolidated group.
The existing directors of EDN will remain with the enlarged business. The directors believe that significant synergies will be generated by the addition of EDN, both in terms of further development of the group’s offering and also through the cross selling opportunities available from the wider CBG service offering.
Laurie Turnbull, chairman of CBG, said: The acquisition of EDN is our second regional acquisition in 2008 and further consolidates our strong position within the north west market. After acquiring EDN we now employ over 180 people across our office network. The group’s expansion plans remain active both organically and through acquisition.