Deva Risk Group, supported by The Broker Investment Group (TBIG), has strengthened its presence in North Wales with the acquisition of David Vaughan & Co, an established insurance broker with offices in Dolgellau and Machynlleth.
This marks Deva’s second major acquisition in the region, following its purchase of Wrexham-based Tudor House Insurance. The move also coincides with the one-year anniversary of TBIG’s strategic investment in Deva Risk Group, highlighting its ongoing commitment to growth and regional expansion.
David Vaughan & Co, a longstanding player in the industry, has been operating for over 51 years and manages approximately £1.2 million in gross written premium (GWP). The firm will continue to trade under its existing name, with its entire staff remaining in place to ensure continuity for clients.
The acquisition represents a key phase in the company’s planned leadership transition. Founder David Vaughan is stepping down, with his son Andrew Vaughan taking over as managing director. Both Shirley Vaughan and Sarah Vaughan will continue their active involvement in the business, ensuring a seamless progression and continuity in leadership.
This latest acquisition follows a series of strategic moves by TBIG. In 2024, the group completed the 100% acquisition of Callaway & Sons Insurance Consultants Ltd, a prominent brokerage based in Chelmsford, Essex.
Additionally, TBIG recently secured a 49% stake in Jenkinson Insurance and Penk Insurance from the Jenkinson family. These two firms, which together employ 27 staff, will continue to operate under their established brands from offices in Rotherham and Chesterfield, respectively.
