PIB Group buys its fourteenth business in 21 months
PIB Group has today announced its fourteenth acquisition in 21 months, as it takes over Wilby.
Recently, PIB announced its investment in brokers, Lorica and Citynet.
Its latest acquisition, Wilby, is a specialist in commercial insurance and risk management solutions for businesses and private individuals, with a particular niche in the caravan and motorcycle sector.
Wilby chief executive Richard Blackburn will continue to lead the business, along with the rest of the senior management.
Blackburn commented: “I’m incredibly excited that Wilby is joining PIB. The wider experience and resources of being part of the PIB group can only further enhance our proposition to both new and existing clients.
“This as a unique opportunity to continue our own growth agenda, while also contributing to the long-term ambitions of the wider Group.
“The PIB philosophy will enable us to continue to grow through investing in quality people and businesses.”
Brendan McManus, chief executive for PIB Group, commented: “Wilby has built a strong reputation and brand in their chosen markets over the years, so I’m thrilled we have joined forces with Richard and his team.
“With our investment, Wilby will continue to grow and succeed while also enjoying the opportunities that come with being part of a larger Group. Collaboration is a key theme at PIB and there are obvious sector synergies with some of our existing business that we can all build upon together and strengthen our propositions further.”
The new addition takes PIB’s total headcount close to 1100 people, in 39 offices, with GWP at approximately £500m.