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UK-based broker Bollington acquires Ashgrove Insurance

Bollington Wilson Group acquired Ashgrove Insurance Services Ltd., Insurance Age reported.

Ashgrove, based in Ashton-under-Lyne outside of Manchester, will continue to operate from its current offices, adding to Bollington's presence in Greater Manchester, Macclesfield and Liverpool.

Ashgrove will become part of the portfolio of Bollington brands, and its 15-member team will remain with the business. The deal will see Bollington employ nearly 450 employees.

The company is set to make more deals in 2020, backed by private equity firm Inflexion Private Equity Partners LLP, the report added.