Corporate team have advised Seventeen Group Limited on its strategic acquisition of Devon based insurance broker, Torbay Insurance Services.
Whitehead Monckton’s corporate team have advised Seventeen Group Limited on its strategic acquisition of Devon based insurance broker, Torbay Insurance Services.
The acquisition of the business from existing partners John and Trudie Stott compliments Seventeen Group’s existing offering and growing presence in the South-West and follows previous acquisitions of WPS Insurance Brokers and Christopher Rowe Limited in Devon and Cornwall respectively.
John Stott remains as an employee of the business and will assist in Seventeen Group’s integration and growth plans.
Whitehead Monckton’s team was led by new Head of Corporate, Daniel Tozer, who has a longstanding relationship with Seventeen Group Limited. Speaking of the acquisition, Daniel Tozer said, “I am delighted to see this deal cross the line and for Seventeen Group to make another strategic acquisition to complement their existing insurance broking business. We have a longstanding relationship, a wealth of experience in acquiring insurance broking businesses and always enjoy working together.”
Daniel was assisted by Whitehead Monckton’s employment and commercial property lawyers, Petra Venton and Fraser Rickman respectively.
Seventeen Group’s Chief Operating Officer, David Allori, said “It’s always great working with Daniel on these transactions. We have a great relationship built on reliability and trust. Daniel is pragmatic, commercial and collaborative which reflects our approach to these strategic acquisitions.”