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PIB Group shows no sign of slowing down: after a slew of acquisitions this year – including that of Albany Childcare announced two days ago – the firm has revealed today that it has purchased Wheatley Wright Insurance Services Limited (WWGroup).
Founded in 2003, WWGroup is a Leicestershire-based broker specialising in liability and associated risks insurance for trades and activities. PIB has acquired the business as well as its underwriting arm, Online Risk Solutions Limited.
WWGroup’s focus is primarily in the construction, engineering and manufacturing sectors where it offers unique specialist enhanced cover.
Under the deal, Nick Wright (pictured), the broker’s managing director, will continue to lead the business alongside his current management team.
“We are confident that the construction industry will continue to grow due to housing demands and the government’s spending on affordable housing and infrastructure which brings plenty of opportunity for both our business and PIB Group,” Wright commented, adding that he was “delighted” to have the business join PIB.
He continued: “We’re looking forward to working with our new extended team while continuing to deliver as a client focused and cost-efficient construction broker that provides consistent and class leading specialist insurance services.”
PIB CEO Brendan McManus described WWGroup as a “fantastic business” that has shown robust and consistent growth as well as solid client retention over the years.
He added: “I’m thrilled that Wheatley Wright has joined the Group and, as with all our acquisitions, we are committed to supporting and investing in their long-term growth.”
