PSC Insurance Group (ASX:PSC) has completed the acquisition of Ensurance UK (ASX:ENA) for $8.2M and Turner Rawlinson & Company for £4.5M.
The consideration for the acquisitions was paid 75% in cash and 25% in PSC Insurance Group (ASX:PSI) shares.
PSC Insurance says the acquisitions are expected to provide an annualised initial contribution of ~$7M in revenue and ~$1.8M in EBITDA.
Its share price is up 1% the past month.