Seventeen Group buys WPS
Plymouth-based WPS will retain its leadership team following the sale.
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Brokers push for more from RSA/NIG
- Aviva’s David Martin on the art of the possible