Berkeley Burke in MBO
Grahame Berkeley, chairman of Berkeley Burke Holdings, has confirmed that the business had been purchased by a new company, Berkeley Insurance Group.
The majority shareholders of the new group are Andrew Bedford, chairman and Tim Maxted chief executive officer. Berkeley Burke was formed in 1973 by former directors of an international Lloyds brokerage which was taken over by a major competitor.
Mr Berkeley commented: “The experience of being ‘sold’ had a lasting impression on me and I know the negative emotions that such an event can generate. I have, as a result, long held the ambition of effecting the sale of our business to the existing
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