Ataraxia takes stake in Whitefield Insurance Services
The deal sees Stephen Hopwood take the reins at the Ramsbottom-based broker as Steven Foster exits.
Ataraxia Broking has invested an undisclosed sum into Lancashire-based Whitefield Insurance Services to facilitate a management restructure.
The funder told Insurance Age that business was jointly owned by Steven Foster and Stephen Hopwood, and they were looking for options to allow Foster’s exit from the business, both as a director and shareholder.
According to the investor a full sale to a buyer was not the solution Foster or Hopwood were looking for.
Solo
Ataraxia said in a statement:
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