Freeths advises on the sale of insurance broker Wheatley Wright Insurance Services Limited to PIB Group Limited
Freeths has advised the shareholders of Wheatley Wright Insurance Services Limited and its underwriting arm Online Risk Solutions Limited (“WWG”) on their sale to PIB Group Limited (“PIB Group”).
WWG is a market-leading liability and associated risks insurance broking business based in Leicestershire. The business has a reputation as a liability insurance specialist and for offering exclusive insurance products which are tailor-made for specific trades or activities. Their focus is primarily within the construction plus engineering and manufacturing sectors with unique specialist enhanced cover. Nick Wright, Managing Director of WWG, and his management team will continue to lead the business following completion of the deal.
PIB Group is a rapidly growing family of companies and individuals recognised as leaders in their markets for their specialist knowledge and expertise, operating from an expanding network of offices in 25 locations across London, the Midlands, Scotland, East Anglia and the South West, as well as Guernsey.
The Freeths team was led by London corporate partner Peter Hill, supported by a cross-firm team including corporate solicitor Naomi Spring and tax associate Matthew Switzer.
Peter, who has extensive experience in insurance broker transactions extending back many years, commented: “We are delighted to have supported Nick and his fellow shareholder on this transaction, the latest in a line of corporate insurance transactions”.
Nick Wright commented: “The team at Freeths were incredibly helpful in facilitating the legal side of the transaction throughout, by providing efficient and valuable advice at all times. I wouldn’t hesitate in recommending their services”.
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