Right Choice Holdings Limited has announced the completion of its acquisition of Moorhouse Group Limited for an undisclosed amount.
Moorhouse is a broking house based in Caerphilly, Wales where they have developed a range of products and services for the SME sector.
Operations will be expanded in the coming months with the acquisition presenting “no disruption or changes” to the service of its businesses across the UK.
Mike Joseph, CEO of Right Choice Holdings, said: “The Moorhouse Group is well known and respected in the commercial insurance marketplace and the contractaquote.com brand gives us huge opportunities to grow and develop online distribution for SME customers.
“It has been great to get to know Moorhouse Management through this process and we thank the team for their help in facilitating a smooth transaction as we do the advisers at Hines Associates and our legal team at Stephenson Harwood.”
Lyndon Wood, founder and CEO of Moorhouse Group, added: “Selecting Right Choice Holdings as the acquirer was an easy decision. We wanted to exit to a company with strong customer and employee values, who had a clear sense of direction, supported by an experienced top team.
“I wanted to leave a legacy and do right by our customers, our local community, Wales, our employees and business. I am looking forward to the continuation of our journey and working with the expanded team, exciting times.”