Seventeen Group buys WPS

Deal

Plymouth-based Walker Persson & Spargo (WPS) has been bought by Seventeen Group for an undisclosed sum.

WPS employs over 40 staff and generates Gross Written Premium of £17m. The firm’s leadership team and directors Steve Rowlands, Steve Harvey and Colin Watts will all stay with the firm, as will its wider team.

The business will continue to trade as WPS from its current Plymouth office. The deal closed on 28 June.

Financial backers 
The deal was at least partially financed by Beechbrook

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