Dixons completes MBO backed by Ataraxia
Deal puts succession plan in place at the broker, while Ataraxia takes minority stake in the business.
Ataraxia Broking has backed St Albans-based Dixons Commercial Insurance Brokers’ management buyout, Insurance Age can reveal.
The deal was made to put into place a long-term succession plan at the broker, which was previously jointly owned by husband and wife team Matt and Rita Hulse.
Following the agreement Matt Hulse remains with the business in his current role as senior director, while Rita Hulse has retired from the broker.
Ownership
Meanwhile, Ataraxia has taken over her ownership
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