Ataraxia takes minority investment in Needham Insurance

Ataraxia Broking has taken a minority investment in Needham Insurance Services as part of a long-term succession and growth plan.

The deal sees Needham’s managing director, Neal Lowe, staying with the business in his present position. The management team and staff will also continue in their current roles.

Lowe said the unique support of the Leicestershire-headquartered broker creates the infrastructure for the firm to meet its future growth ambitions.

“With the uncertain political climate, I also wanted to take advantage of the current 10% entrepreneur’s relief and it was important for me to protect the long-term interests of my staff and clients,” he added.

Managing director of Ataraxia, Adam Boakes added: “Low and the team are a very welcome addition to the group.

“We are very much looking forward to supporting [Needham] over the coming years and are excited to assist in their planned growth”.

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