Acquisition vehicle Cullum Capital Ventures (CCV), a sister company of Towergate, has made its sixth acquisition in as many months.
It purchased Essex-based broker Gardners, a taxi and property owners specialist.
The deal brings CCV almost to its first year target size of £44m gross written premiums, to be reached by June 2007.
The acquisition of Gardners increases CCV's gross written premium by £2m to £42m.
CCV, which was launched in June this year, has an acquisition war chest of £100m funded by the Bank of Scotland and private investors. It targets small to medium size regional brokers.
Tim Johnson, CCV chief executive, said: "Gardners is a very well run business and has particular expertise in property owners and taxi insurance.
"In spite of recent market conditions, it has grown steadily over the past few months and I am confident that we can help boost that growth still further."
Last month, the company purchased three Country Mutual branches - in Bolton, Cheltenham and Kings Lynn - from Towergate.
In August, CCV completed the purchase of regional broker Richard V Wallis, based near Birmingham.
It made its first signing in June of Hertfordshire-based Moffatt Saunders.
