Global Risk Partners backs Lonmar MBO
Peter Cullum-backed firm says Lloyd's broker is "highly complementary" to its other businesses.
Global Risk Partners (GRP) has agreed to back the management buyout of specialist Lloyd's broker Lonmar Global Risks.
Lonmar's management team, led by chief executive David Pexton, will continue to lead the broker.
According to Pexton the MBO provides a platform to fast track the broker's growth agenda.
Acceleration
Pexton commented: "With GRP's backing we will significantly accelerate our strategy with the acquisition of individuals, teams and businesses, whilst maintaining our emphasis on
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