Atec Group appoints ex-BGL CEO and aims to accelerate M&A after PE swoop
European private equity investor Perwyn has acquired Atec Group, in an off-market transaction from Kester Capital.
Atec is a distribution platform led by CEO Brendan Devine and chief financial officer Ian Gilbert. The group consists of Ceta, a niche personal lines broker, and the managing general agent Arkel.
Ceta Insurance Brokers was purchased by its non-executive directors and management supported by private equity firm Kester Capital in 2017, as existing shareholders were set to retire.
We have been highly impressed by the Perwyn team who share in our vision to continue the organic growth trajectory we’ve
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