The Broker Investment Group (TBIG) member Stevenson Seacombe Partnership has acquired Lancashire-based Whitefield Insurance, providing “the perfect succession solution” for husband-and-wife proprietors Stephen (pictured) and Delphina Hopwood.
“This deal works perfectly for my wife and I in terms of succession planning and our future retirement,” Hopwood said in an emailed release. “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.”
While the couple will no longer be Whitefield Insurance directors, they will remain in the personal and commercial lines brokerage to continue to service their current clients.
“We will step back to allow Stevenson Seacombe to run the business and drive the company forward,” Hopwood stated.
Established three decades ago in Ramsbottom, Whitefield Insurance has more than £1 million in gross written premium.
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