PIB acquisitions continue with legal purchase

UK broker-consolidator PIB Insurance Brokers has completed the
purchase of Northampton-based legal professional indemnity (PI)
broker QPI Legal.
The financial terms of the agreement were not disclosed.
The acquisition marks the fourth investment by the company since
it received financial backing from private equity behemoth The
Carlyle Group in December last year.
The broker's CEO Brendan McManus commented: "QPI will
bolster our rapidly growing professional risks offering, and will
help to ensur