Peter Blanc joins Aston Scott as it completes MBO

Aston Scott Group, the leading Risk Management and Insurance Broking Group, today announces that it has completed a Management Buy Out, funded by Bowmark Capital, a private equity firm.

As part of the transaction, Peter Blanc will join as Executive Chairman, working closely with the incumbent team of Heidi Carslaw, Chief Executive and Sarah Locke, Group Resources Director.  Andrew Scott will remain a significant investor in the business and will assist the group as an Independent Consultant, particularly in respect of acquisition strategy.

Aston Scott is well positioned to continue its successful track record of growth with the financial support and guidance of Bowmark.

Peter Blanc, in looking forward to his new role commented “I have known and respected both Andrew and the Aston Scott business for many years and I can’t tell you how excited I am by the opportunity to join this great group of people.  There is a culture of service excellence and an integrity which flows through every branch and I’m looking forward to growing the business whilst maintaining the ethos which has made this group so successful”

Heidi Carslaw, Aston Scott’s Chief Executive said “With Bowmark’s investment, we’re uniquely positioned to grow our business both organically and through targeted acquisitions – all of the team are looking forward to the challenge”.

Bowmark partner, David Torbet, said “we have been looking for a while for the right platform to execute a buy-and-build strategy in this market. We are delighted to have entered into partnership with Peter, Heidi, Sarah and the rest of the Aston Scott team and are looking forward to helping deliver the next stage of growth of the business”.

Andrew Scott, founder of Aston Scott said “after building this business for over 20 years through the steady reinvestment of profits, the time has come to accelerate. I am extremely proud of the Aston Scott team and the fantastic results they have achieved, and of the reputation the Company has built for professionalism and integrity. With Bowmark’s funds, the business will now have the firepower to aim even higher with its acquisition strategy”

Aston Scott was advised by IMAS Corporate Finance LLP

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