Atec Group has announced the acquisition of SME-focused commercial insurance broker Moorhouse Group, marking a significant milestone in its growth journey. The deal, which is subject to regulatory approval, represents Atec’s first acquisition since securing private equity backing from European investment firm Perwyn last year.
Founded 35 years ago, Moorhouse Group operates multiple insurance brands, including wholesale broker Xbroker, retail platform constructaquote.com, and managing general agent Toledo. Headquartered in Caerphilly, Wales, the group employs 80 staff members—all of whom will transition to Atec as part of the acquisition. The Moorhouse brand will continue to operate independently, with no anticipated changes for existing clients or broker partners.
Atec provides specialist insurance solutions across the home, leisure, and SME sectors, servicing more than 350,000 policyholders through its retail and wholesale distribution channels. Since 2020, the company has tripled its gross written premium (GWP), growing from under £25 million to over £75 million. This growth reflects Atec’s strategic focus on expanding its product portfolio and market presence within niche lines.
To support its broader M&A strategy, Atec appointed Max Bullen-Smith as Head of M&A in April. Bullen-Smith, previously with Ardonagh Specialty, brings extensive expertise in broking-sector dealmaking and integration. He is responsible for identifying and executing acquisitions aligned with Atec’s commitment to specialisation and data-driven growth.
Complementing this strategy, Atec also bolstered its technology leadership with the appointment of Steve Woodford as Chief Technology Officer in late 2024. Succeeding Andy Brown, Woodford is tasked with driving digital transformation and enhancing Atec’s technology platforms to support scalable growth and seamless integration of acquired businesses.
The acquisition of Moorhouse Group underscores Atec’s ambition to build a leading platform for specialist insurance distribution and underwriting, supported by targeted M&A and investment in operational infrastructure.
