Shipley-based Packetts in MBO
Managing director Marshall Sugden led the MBO.
Commercial broker Packetts has undergone a management buyout, the Bradford Telegraph & Argus has reported.
The buyout was led by managing director Marshall Sugden who confirmed plans to increase the business' premium income from £13m to £20m.
The broker was formed nearly 100 years ago and rebranded from Sidney Packett & Sons to Packetts in April this year.
Following the MBO the previous bosses, Charles and Andrew Packett who are grandsons of the founder, will both remain as directors.
Along with
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