CBG snaps up Rockbridge

Broker group CBG Group has bought medical intermediary Rockbridge Healthcare for an undisclosed fee – CBG’s first buy since 2008.

The firm will be integrated into CBG’s financial services division, expanding the firm’s geographical footprint across the UK.

The existing directors of Rockbridge will remain within the business during a handover period and may receive extra payments if key targets are met.

Healthcare important

CBG group managing director Mike Askew, said: "Healthcare forms an important part of our growth strategy. Our own healthcare division has gone from strength-to-strength in recent years and we’re confident that there will be significant opportunities in this sector going forward.

“Rockbridge has a real synergy with CBG and we firmly believe the company is a perfect fit as we look to grow our existing business further.

“The acquisition will allow us to enhance our offering and develop our ability to cross-sell a range of services to our clients. It also reaffirms our commitment to grow the Group, both organically and through acquisition.”