Deva Risk Group Ltd, which is backed by The Broker Investment Group, has acquired David Vaughan & Co, which has offices in Dollgellau and Machyrilleth, North Wales. David VaughVaughan & Co controls gross written premium of £1.2m and has been trading for more than 50 years. Its focus is on personal lines and SME commercial covers.

Peter Goddard (pictured), director of Deva Risk Group Ltd, said: “The business is a great fit for us and I’ve been really impressed with the skills, professionalism and knowledge base of all the team. They have a very loyal client base, testament to the great levels of customer service they provide the local community.

“As many independent brokers continue to be acquired by much larger groups and re-branded, we believe there is a gap in the market that our business can fill. We will remain steadfast in our business ethos of community broking and our acquisitions will remain at the heart of their community, a vision I know that TBIG share with us.

“It’s our second acquisition in North Wales over the last 12 months and almost exactly the one year anniversary of the TBIG investment. The partnership is flourishing, they have been a massive help to us and we look forward to continuing organic growth supported by further acquisitions.”