19th July 2023

Stevenson Seacombe Partnership acquire Whitefield Insurance


The Broker Investment Group member, Stevenson Seacombe Partnership have acquired Whitefield Insurance, based in Ramsbottom, Lancashire as part of their growth through acquisition strategy.

The Broker Investment Group have had a minority stake in Whitefield since 2018 as part of a stepped succession plan, and this final acquisition of the brokerage by a local TBIG broker is the final solution for Whitefields, giving their clients a great “forever home”.

This deal is the perfect succession solution for current proprietors Stephen and Delphina Hopwood, a husband-and-wife team, who will step down as Directors but continue to work in the business and remain fully hands on with their current clients.

Whitefield Insurance was established 30 years ago and has a GWP of over £1m and a mix of personal lines and commercial lines.

Stephen Hopwood, Director of Whitefield Insurance, comments:

 

“This deal works perfectly for my wife and I in terms of succession planning and our future retirement. It’s been a gentle tailor-made solution to our retirement ambitions and allows us to keep working within the business.”

The Broker Investment Group originally purchased 25% back in 2018 so we could buy out a previous partner, then increased to 49% last year as part of the gradual stepped plan.

Now they have sourced a local TBIG member Stevenson Seacombe Partnership, who we know well historically, to buy the whole business and deliver our final exit strategy.  Delphina and I will continue to service our clients and we will step back to allow Stevenson Seacombe to run the business and drive the company forward.”

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