PSC Insurance Group Limited (ASX:PSI) acquired 70% of Turner Insurance Services Ltd for £3.96 million on June 25, 2018. Of the consideration payable, £1.98 million was paid in cash and remaining will be paid over 2 years, with £0.99 million adjustable, dependent on the annual revenue of Turner after 2 years. PSC has option to acquire remaining 30% in Turner. In a related transaction, PSC Insurance Group acquired 77% of Easy Broking for £0.58 million. The acquisitions will be funded by a combination of own cash and bank debt. The key management and staff will remain with the business. PSC anticipate a combined share of EBITDA net of results applicable to relevant minority shareholders, to initially exceed £0.6 million on an annualized basis, as a result of both the acquisitions. PSC Insurance Group Limited (ASX:PSI) completed the acquisition of 70% stake in of Turner Insurance Services Ltd on June 25, 2018.