Poole-based broker Coleman has completed the acquisition of Exeter based Foster Leighton in an undisclosed deal, marking its expansion into Cornwall County.
The acquisition will enable Coleman to develop into a strong independent regional General Insurance intermediary and IFA business in the South and South West.
E Coleman & Co managing director Paul Dudley said the acquisition of Foster Leighton in Exeter provides Coleman with a number of key strategic benefits.
"It provides us with a hub in the West Country to continue the expansion of our insurance broking and financial services business, gives our clients access to the highly regarded FL Risk Management service, and brings together two thriving businesses both of which are committed to putting clients’ interests first," Dudley added.
Following the agreement, which is expected to be completed in mid-April 2012, Foster Leighton will retain its name and Exeter office.