PIB Group Limited (‘PIB’) has announced Rigton Insurance Services Ltd as the latest company to be snapped up through its acquisition trail. The move follows hot on the heels of recent new-comers to the Group including UKinsuranceNET and Marx Re-Insurance Brokers.
Formed in 1974 and based in Leeds, Rigton Insurance Services specialises in providing niche products to the transport industry including bus and coach insurance, schemes within Classic Preserved Bus, Heritage and Narrow Gauge Railway as well as the Model Retailers and Manufacturers sector. The business also holds Corporate Chartered Insurance Broker status.
Brendan McManus, CEO for PIB Group commented: “I’d like to extend a very warm welcome to everyone at Rigton Insurance Services. This is another exciting acquisition which further broadens our niche offering across PIB Group. Roland and Margaret have built a strong business with year on year growth, which is testament to the teams’ experience and expertise in the market and of their specific products, as well as excellent customer care. Through PIB’s investment and support, I look forward to enabling further growth and new opportunities for everyone at Rigton.”
The strong team will remain with the business on completion of the deal, with previous owners Roland Wilcox and Margaret Wilcox providing support on a consultancy basis.
Roland Wilcox commented: “We are delighted to become part of the PIB Group organisation. Their management has demonstrated their passion to move forward by acquisition and growth within niche areas of business and we feel Rigton will develop very well within their well thought out and planned strategy for the future. We are very impressed with the professionalism and friendliness of the PIB team and look forward to working with them in the future"