Independent Bristol brokers Venture Insurance have announced the purchase of neighbouring firm Poole Martin.
The move will see the company placing premiums of £13 million per year.
The coming together of the two firms will also see staff numbers at Venture Insurance rise to 22.
Poole Martin has been trading since the early 1970s and, currently based in Elmdale Road, its directors Andrew Bollen and Richard Evans have been seeking long-term continuity for their clients and their staff.
Having helped the directors of Venture Insurance to set up the business when it launched in 2011, Mr Bollen and Mr Evans said they are delighted about the acquisition and the move to new offices.
The incorporation is due to take place at the end of January and the duo also assured the existing Poole Martin client base of a seamless transition that would see business continuing as usual.
Venture Insurance, managing director Simon James comments: “We have had a great relationship with Andrew and Richard at Poole Martin for a number of years and there has always been a lot of synergy between our two companies.
“We are both independent, we share each other’s values and the incorporation of their business with ours is the ideal way for us to strengthen.
“The large insurers are actively supporting and encouraging small independent brokers like ours to set up and do business with them.
“So we are extremely confident about the future of Venture Insurance and its longevity, especially with the added influence of Poole Martin coming into our growing company.”