MGA Insurance Brokers has acquired Cranston Australia Insurance Brokers’ business in Horsham, Victoria, for an undisclosed amount.

The Horsham acquisition takes effect next month, and follows the purchase of Cranston’s Adelaide business in August last year.

“Horsham is a key regional area and this agreement fits extremely well in MGA’s expansion strategy of continuing to build its national regional base,” MGA MD Paul George said.

The Horsham business will expand the MGA network to 40 offices.

The company will introduce new products to the Horsham business, mainly farm insurance, via its underwriting agency Millennium.