10 February 2017
We are delighted to announce that UA Energy's management team has completed the company's MBO, having bought out the company for an undisclosed sum in a deal backed by new investors Peter Cullum and Neil Utley, together with Andrew King on behalf of the King Group of Companies.
Our Management team, including Non-Executive Directors, Guy Fraser-Sampson and Andy Homer, led the MBO, which was completed on 24th January.
Our CEO, Giles Hankinson, said:
"These are very exciting times as we continue to drive the company in the next phase of growth, notably of regulation in the utility broker sector which is ripe for consolidation. Our culture and strategy is to provide the best deal possible for our clients.
"Having the right team is a priority in helping us execute our strategy, so I am delighted to be working with Peter, Andy and Neil. With their extensive knowledge of the insurance and broking business, and their experience in building businesses in a heavily regulated space, they are the ideal partners as we continue to campaign for much needed regulation."
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