Envest has acquired a majority stake in Wymark Insurance Brokers, adding the firm to its Aviso Group network.

Wymark has been in business for over 30 years and has offices on the Gold Coast and in Melbourne, Newcastle and Wollongong

The brokerage will be the 12th business to join the Aviso network, which now combines 20 offices nationally and has more than 220 employees, 17 principals and $375 million in gross written premium.

“Wymark has a fantastic reputation as a general insurance broker and has for many years provided niche products and schemes for various industries that will contribute to the broader group,” Aviso CEO Craig Robson said.

The business has been led by Phil Sholl and Craig Wardle, who will continue to play a leading role in Wymark, as well as within the broader Envest business in the future.

Envest is a privately owned insurance investment and distribution business with interests in more than 28 insurance-related businesses including brokers, agencies and insurtechs.