Seventeen Group has acquired Cornwall based Christopher Rowe Limited (‘CRL’) effective from 11th May 2021 for an undisclosed sum.
CRL was established in 1984 by Christopher Rowe and is a respected local broker specialising in the Marine sector and associated trades plus personal lines. The business, now owned by Christopher’s wife Kathleen, employs 8 staff in its Penzance office.
Seventeen Group has acquired CRL to build its presence in the South West and specifically to establish a footprint in Cornwall. It is also an opportunity for James Hallam to expand its Everard Marine Division in a region which is strong in the marine sector and associated trades.
Seventeen Group CEO Paul Anscombe comments:
We are very pleased to welcome the Christopher Rowe team into Seventeen Group. This is an important strategic acquisition which should offer a very exciting future for the team in Penzance. Cornwall is a unique county which prides itself in supporting the local economy and so we felt strongly that if we want to play a part in this then we needed to put some roots down long term”.