Atec has acquired Moorhouse Group in a strategic push to expand its presence in the SME insurance market.
This marks the first acquisition for Atec since receiving backing from European private equity firm Perwyn last year, according to FF News.
Moorhouse, based in Caerphilly, Wales, has a 35-year history in commercial SME insurance. It operates across several brands, including wholesale broker Xbroker, retail platform constructaquote.com, and MGA Toledo. Its 80 employees will transition to Atec, with no disruption expected to services or broker relationships. The Moorhouse brand will be retained.
The acquisition aligns with Atec’s ambition to triple in size within five years and become a top 10 specialist insurance broker in the UK. The company already serves over 350,000 policyholders in home, leisure and personal lines insurance and plans to replicate its growth model—driven by strong digital infrastructure and data analytics—within Moorhouse.
Brendan Devine, Atec Group CEO, said, “We’re delighted to make this announcement and hugely excited to welcome Moorhouse to the Atec Group. Moorhouse is an established, respected business with a long heritage, a clean book of business and strong capacity partnerships already in place. Its range of SME products are comprehensive, flexible and dedicated to the sector. It is the perfect stepping stone for Atec into the SME space to help diversify and grow our portfolio into complementary lines.”
Edward Lunken, investment director at Perwyn, added, “We are very pleased with Atec’s first bolt-on acquisition. When we invested in Atec in June last year, we undertook to support Brendan and his team both to continue the strong organic growth and also to begin a new chapter of M&A for Atec. The acquisition of Moorhouse represents the ideal entry-point into the new and complementary end-market of SME insurance and we hope that it will be the first acquisition of many.”
