As the business moves into its 50th year, and after sustained growth, the firm said it had now started the next part of its journey.
The acquisition will see the firm become a regional hub for Ethos in the North.
Ethos Broking UK is a collection of brokers across the country.
Schofield said in a statement: “Ethos Broking UK is a collection of like-minded brokers across the country who share similar values and aligned cultures, with a strong presence within their local communities.
“Their business principles, culture and strategy closely mirror our own aspirations which will allow us to continue to be a Community led Broker, servicing, visiting and supporting our clients.”
It added: “It’s been a great ride so far, but now we are excited to move forwards and enjoy the future working alongside Richard Tuplin and the Ethos team, exploring new opportunities not only for our business but more importantly our clients.”