IMAS acted as the sole financial adviser to Wilby (Group) Limited on its sale to PIB Group.
Wilby (Group) Limited is the holding company for Wilby Limited, the long-established chartered insurance broker and risk management specialist that completed an MBO in 2009 and carried on to successfully develop through both organic and acquisitive growth. With its head office in Halifax and three satellite offices across the north of England, the business specialises in the caravan dealer, motorcycle dealer, construction, parks and care sectors and has approximately 80 employees. Richard Blackburn (CEO), together with the rest of the management team, will continue to lead the business and capitalise on the benefits and opportunities for collaboration available within the PIB Group.
PIB Group is a rapidly growing family of companies and individuals recognised as leaders in their markets for their specialist knowledge and expertise, operating from an expanding network of offices in 25 locations across London, the Midlands, Scotland, East Anglia and the South West, as well as Guernsey.
IMAS, having worked with the management and previous controlling shareholder to achieve the management buyout in 2009, was retained to by Wilby to deliver a transaction that maximised value for the selling shareholders. This included assisting the company in developing robust earnings and balance sheet modelling and advising on key commercial points in the negotiations with PIB Group.