Consolidator set for growth in the region.
Giles has completed the acquisition of Welsh broker Paul Murphy Insurance Services.
The consolidator said in a statement that the Ton Pentre-based firm will help it to increase its presence in the North West and will add more weight to its growth strategy.
Mike Jones, manager at Giles Insurance, said: “We are in the process of rolling out a company-wide expansion programme which will see us dramatically increase our presence on the high street. Expansion in Wales is very high on the agenda.
“Giles Insurance has a very strong reputation for service, quality and competitiveness, something which we look for in all of our potential acquisitions and which Paul Murphy Insurance Services mirrors at a local level."
He added: “We look forward to adding to the Giles portfolio in Wales, and to continuing our search for other viable business opportunities in the area.”
Paul Murphy, managing director of Paul Murphy Insurance Services, said: “Giles Insurance Brokers is one of the UK’s leading brokers, and as such, we are extremely pleased with this outcome.
"Our customers will continue to receive the same, professional advice with a personal touch, while benefitting from the far wider range of products and services Giles can offer.”
