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RPG chartered accountants has advised Reich Group’s shareholders in the Manchester-based insurance firm’s sale to international insurance broker Howden Broking for an undisclosed amount.
Shareholders Simon Taylor and Danny Lopian were advised by Jonathan Brownson and Ben Brownson from RPG in their full share sale to Howden.
The Reich Group, which was founded in 1943, comprises Reich Insurance Brokers, Reich Life and Reich Healthcare experienced significant growth over the past 20 years, placing over £118m of premiums annually.
RPG provides transaction support, carried out financial and tax due diligence, and were lead adviser in the negotiations with the acquirer. RPG will also prepare and agree the completion accounts.
Jonathan Brownson said: “I am delighted that we were able to support Simon and Danny to ensure the outcome that they both wanted. RPG incorporating Crawfords have had a longstanding relationship with the Reich Group and so we are very pleased to have advised them to the conclusion of the business.”
Simon Taylor, CEO of Reich Group, added: “We recently needed assistance for the sale of Reich Group of companies to Howdens UK&I. It was a major transaction and we needed real expertise from our accountants as our advisors.
“I would not hesitate to recommend the team of Ben and Jonathan Brownson at Royce Peeling Green, who were absolutely outstanding. They both, together, completely blew away my expectations. Their service was impeccable.”
