Our corporate team have advised Seventeen Group Limited on its strategic acquisition of Pimlico based insurance broker, Bryce Smith & Partners.
Whitehead Monckton’s corporate team have advised Seventeen Group Limited on its strategic acquisition of Pimlico based insurance broker, Bryce Smith & Partners.
The acquisition of the business from Richard Bryce-Smith compliments Seventeen Group’s existing Private Client offering and will add a further £1.3m gross written premium to the business. The broker will be integrated into Seventeen Group’s broking subsidiary James Hallam Limited and Richard Bryce-Smith will remain involved in the business and assist with integration and growth plans.
Whitehead Monckton’s team was led by Head of Corporate, Daniel Tozer, who has a longstanding relationship with Seventeen Group Limited. Speaking of the acquisition, Daniel Tozer said, “It’s great to get another deal cross the line for Seventeen Group and to see the business further compliment its private client insurance division”.
Seventeen Group’s Chief Operating Officer, David Allori, said “We are delighted to welcome Richard and his team on board and thank Daniel and his team for their hard work in getting this one over the line”.