Insurance broker, Richard Thacker, has been acquired by its management team.
The management buyout is being led by Howard Mayhew and Tim McNulty, who will become managing director and director respectively. Following the deal, the current managing director, Ian Gemmell, will remain with the business.
Howard comments: “Richard Thacker has been established for more than 40 years and has a solid client base and a well earned reputation in both the education and professional services sectors. However there is real scope and opportunity to further grow the core business, whilst expanding into new and developing areas, such as products targeted at Local Education Authorities.
