Fenton looking to grow with Folgate's backing
Fenton Insurance Brokers, which is based in King's Lynn, is looking to expand its business with the ...
Fenton Insurance Brokers, which is based in King's Lynn, is looking to expand its business with the support of Folgate, which has a 35% stake in the business.
Fenton is the first investment for the Folgate Broker Alliance, Folgate's minority share investment vehicle, which targets senior brokers looking to leave insurance broking, but not immediately. Folgate will buy the rest of the business within three to five years for an agreed multiple.
Andy Homer, chief executive of Folgate, confirmed there
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