PIB Group makes second insurance broker acquisition seven days

PIB-Group-buys-Wheatley-Wright-Insurance-Services

Two days after announcing its purchase of Albany Childcare, PIB Group has confirmed that it has acquired Wheatley Wright Insurance Services Limited and its underwriting arm (Online Risk Solutions Limited). 

Founded in February 2003, Wheatley Wright is a market leading Liability and Associated Risks Insurance Broker based in Leicestershire. The business has a reputation as a liability insurance specialist and for offering exclusive insurance products which are tailor-made for specific trades or activities. Their focus is primarily within the construction plus engineering and manufacturing sectors with unique specialist enhanced cover. They were advised exclusively by IMAS.

Nick Wright, Managing Director of Wheatley Wright, and his management team will continue to lead the business following the completion of the deal.

Wright commented: “I’m delighted that Wheatley Wright are joining the PIB Group. We are confident that the construction industry will continue to grow due to housing demands and the government’s spending on affordable housing and infrastructure which brings plenty of opportunity for both our business and PIB Group. We’re looking forward to working with our new extended team while continuing to deliver as a client focused and cost-efficient construction broker that provides consistent and class leading specialist insurance services.”

Brendan McManus, CEO of PIB, commented: “Wheatley Wright is a fantastic business that has shown robust and consistent growth as well as solid client retention over the years, which is testament to the hard work of its team. I’m thrilled that Wheatley Wright has joined the Group and as with all our acquisitions, we are committed to supporting and investing in their long-term growth.”