16th May 2025
TBIG backed Deva Risk Group Ltd acquire David Vaughan & Co Insurance Brokers.
The Broker Investment Group (TBIG) backed Deva Risk Group Ltd have acquired David Vaughan & Co, with offices based in Dollgellau and Machyrilleth, North Wales.
Exactly a year ago, TBIG acquired Deva Risk Group and since then has supported them in the acquisition of Wrexham based Tudor House Insurance.
This latest acquisition of David Vaughan & co sees a further footprint into the North Wales region, with all staff remaining in the business and the trading brand remaining the same.
David Vaughan & Co are a £1.2m GWP insurance broker and have been trading for 51 years, a true community-based broker providing both personal lines and SME commercial insurance.
This acquisition is part of a long-term succession plan with Father David Vaughan retiring and son Andrew Vaughan stepping up to be Managing Director, with his wife Shirley and daughter Sarah all securing the future longevity of the family business.
Peter Goddard, Deva Risk Group
Peter Goddard, Director of Deva Risk Group Ltd, comments:
“I’m delighted with the purchase of a great broking business as David Vaughan & Co undoubtedly is.
The business is a great fit for us and I’ve been really impressed with the skills, professionalism and knowledge base of all the team. They have a very loyal client base, testament to the great levels of customer service they provide the local community.
“As many independent brokers continue to be acquired by much larger groups and re-branded, we believe there is a gap in the market that our business can fill. We will remain steadfast in our business ethos of community broking and our acquisitions will remain at the heart of their community, a vision I know that TBIG share with us.
It’s our second acquisition in North Wales over the last 12 months and almost exactly the one year anniversary of the TBIG investment. The partnership is flourishing, they have been a massive help to us and we look forward to continuing organic growth supported by further acquisitions.”
Andrew Vaughan, Managing Director, David Vaughan & Co
Andrew Vaughan, MD, David Vaughan & Co, comments:
“After celebrating our 50th anniversary last year, this deal is a significant milestone in our company’s history and secures further longevity for our valued clients and our in-house team.
Deva Risk and TBIG are champions of community broking and an ethos we hold dear to our hearts, they are real supporters of family businesses and promotion from within and partnering with them was an easy choice.
From day one they are helping us migrate to the Acturis insurance system which is a top-class solution for our clients, and we have various other business system improvements in the pipeline.
We look forward to working with Pete and all at Deva Risk Group, and also the wider TBIG family.”
Dave Clapp, CEO of The Broker Investment Group, adds:
“This is our fourth deal of 2025 and it’s great to support our regional brokers in their growth plans.
Deva Risk Group are on track to exceed £14m GWP this year and £20m GWP by the end of 2027.
I’d like to personally welcome David Vaughan & Co to the TBIG Group and look forward to their continued growth and success.”
Dave Clapp – CEO – The Broker Investment Group
