Mercia Fund Managers backs £2 million MBO at risk management firm ProAktive Risk Group

Left to Right: Andy Morley and Ian Laycock from ProAktive Risk Group who led the MBO pictured with Jonathan Craig from Mercia Fund Managers

Left to Right: Andy Morley and Ian Laycock from ProAktive Risk Group who led the MBO pictured with Jonathan Craig from Mercia Fund Managers

Insurance and risk management consultancy ProAktive Risk Group has undergone a £2 million management buy-out backed by debt funding from Mercia Fund Managers. Based in Doncaster and also operating an office in Sheffield, ProAktive Risk Group is a commercial insurance broker which also provides risk management advice to help businesses reduce their claims and premiums. Its consultancy services include HR, Health and Safety, business continuity planning and fleet risk management.

The deal gives control of the business to a long-serving management team led by Andy Morley and Ian Laycock. It also allows founder Jon Whiteley to step down from the day-to-day management of the company, although Whiteley will continue to play a role in the business and retain a significant shareholding.

The buy-out was partially funded by deferred consideration on the part of Mr Whiteley.

ProAktive Risk Group was established in 2003 under its current name, though its origins date back to 1975. The business employs a team of over 50 members of staff and has a strong customer base.

Jonathan Craig, investment manager with Mercia Fund Managers, said: “ProAktive Risk Group’s business model demonstrates the company’s forward-thinking approach. By working with clients to identify potential business risks and improve training and internal systems, it can often help to reduce premiums and claims. The business has an exceptionally loyal client base and is well-placed to capitalise on the opportunities available in the market. This funding allows the founder of the company to hand over day-to-day control to the existing management team, while at the same time preserving the values of the business.”

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014.

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