A Northumberland insurance group has been snapped up by a rural specialist as part of its growth plans.
H&H Insurance Brokers, part of the Carlisle-based H&H Group of companies, has acquired Hexham’s Tynedale Insurance Services Limited in the undisclosed deal.
H&H Group plc has five subsidiaries operating across the livestock marketing, auctioneering, commercial print, digital marketing, property and insurance sectors.
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The insurance side of the business, established in 1987, focuses on the rural and agricultural sectors, arranging insurances for farmers, agricultural contractors and other commercial businesses.
The deal marks the latest acquisition in an ongoing growth strategy for H&H Group which, in the last two years, has also added Eden Lettings and Management to their property division and Print Graphic and Dotcom to H&H Reeds.
Tynedale Insurance Services, founded by Joanne Lee in 2015, provides insurance across the board, from farming to household and commercial to motor.
Ms Lee said: “This acquisition brings benefits for customers of both companies. Being part of a larger organisation ensures here in Hexham we can provide a greater portfolio of services and continue to grow the business.
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“I am also looking forward to bouncing ideas off fellow directors to see how we can further improve our service offering to the people of the North East.
“I would like to reassure existing customers that I will still be here leading my team, the office will continue to be based in Hexham and you will still be able to talk with your regular account manager; so it really is business as usual - but even better.”
Paul Graham, managing director of H&H Insurance Brokers said: “We have known Tynedale Insurance Services and Joanne for many years and there were obvious synergies between our two companies. Joanne has built up a very successful business. She is highly respected within the industry, and we share the same values.
“We are delighted to be joining forces and further strengthening both our presence in Northumberland and our position as the leading independent rural insurance brokers in the North of England. Through this merger we will offer customers an expanded and improved range of services.”