The R3: Group has bought Personal Lines, bringing total income under its management to £20m.
The Ipswich based R3: Group says that following sustained expansion over the last year, it was attracted to Personal Lines, owned by Keelan Westall, for its 'homeowner solution' for both intermediaries and their customers.
The company will now operate under the Calibre Home Solutions brand and provide a range of financial services and consumer products such as discounted utilities and telephony for homeowners.
Rob Proudman, director of R3: Group, says : “R3: Group has been looking for some time to broaden its distribution channel and Keelan Westall's IFA distributed business will help the company to achieve this.
This acquisition provides R3: Group's rapidly growing business with a significantly larger platform on which to develop its product offering.”