Woodward Markwell completes MBO

Woodward-Markwell-completes-MBO

Woodward Markwell, which has 2 divisions, Chartered Insurance Brokers and Independent Financial Advisers, has announced the successful completion of a management buy-out.

The opportunity was given to all employees back in 2017 to participate in the buy-out by purchasing shares in this successful, growing business.  The previous owners Andrew Johnson and Beverley Monk, were very keen to protect the business and its staff and give them the opportunity to purchase the business, rather than taking the option to sell to a third party.

The buy-out has been headed up the current Management Team, David McGowan, Davina Olson, Julie Dyer and Toni Vincent-Panich who have been assisting in running the organisation for a number of years now and who have been recently been appointed as Directors.

Director, Toni Vincent-Panich said “It is an exciting time for all involved, the business has been going from strength to strength. It has been passed over to us by Andrew and Beverley with extremely strong foundations, they have created a model that works which makes it an exciting proposition for all the staff involved in the buy-out, enabling them to become part of this successful business and an integral part of its future”.

The new directors will continue to run the business with the same high standards, values and beliefs as the previous owners, as they share the same ethos, to always put their clients at the forefront of their business.

Director, David McGowan said “Another milestone has been achieved, it’s a great business with strong core values. We are very proud and thankful to be given the opportunity to be part of this exciting new chapter. We will continue as we have been doing, looking after and investing in our staff and continuing to deliver exceptional levels of service to our clients which is key to the success of our business”

Woodward Markwell has been established for over 35 years and have steadily grown within the insurance and financial advice marketplace. Amassing a wealth of experience and expertise, which is used to ensure they delivering meaningful and appropriate advice, to each and every client. Although handing over the reins to the new management team, having been involved in the company since its formation, Andrew, with the numerous client relationships and good friendships that he has formed over the years will still remain closely connected to Woodward Markwell. Whilst this means Andrew may be a more regular sight on the golf course now, we know the Woodward Markwell family will never be far from his heart.