This statement is made jointly on behalf of the Directors and Shareholders of Mason Owen & Partners Ltd and Mason Owen Financial Services Ltd.
We are pleased to be able to announce that with effect from 1st April 2022 Mason Owen & Partners Ltd has sold its majority shareholding in Mason Owen Financial Services Ltd and its subsidiary companies to the current management team of Andrew Gibbons (MD), Michael Longfellow, Keith Burn, Alex Bielinski and Samuel Gosney.
Both Mason Owen & Partners (Holdings) Ltd and Mason Owen & Partners Ltd will continue to retain a minority shareholding in Mason Owen Financial Services Ltd in order to reflect the fact that the two separate businesses will continue to work closely together, as they have since the insurance business was formed in 1988.
The sale heralds the fact that the two separate businesses have differing requirements in the future and thus it was felt that the best way that each of the businesses could thrive in their own specific markets, was to allow greater autonomy over future decision making.
Mason Owen & Partners Ltd has already taken strides to restructure its business, and this latest change is merely the next stage in the development plans it has to continue to grow.
In terms of Mason Owen Financial Services Ltd, following the acquisition of Business Insurance Services in 2019, and with some further changes in the business currently planned, the future opportunities can be developed more easily if independent of the Mason Owen group of companies.
The names of all businesses will remain unchanged and the new ownership structures will allow each business to flourish individually of the other, while still working closely together for mutual benefit.
Barry Owen, Chairman of the Mason Owen Group of companies said: “I am very proud of Andrew and the MBO team and look forward to their future with confidence.”
Simon Bland, Managing Director of Mason Owen & Partners said: “It has been a privilege to work with Andrew and his team over the last 22 years and see MOFS grow into the fantastic business it now is. We are thrilled to see MOFS progress into a predominantly management owned company and also to retain a minority interest that sees Mason Owen and Partners interests fully aligned for the next part of Andrew and his team’s journey.”
Andrew Gibbons, Managing Director of Mason Owen Financial Services Ltd said “We are delighted that as a management team we have been able to develop this business over the past 22 years to the point that we are at with the fabulous support of Barry Owen and everyone within the Mason Owen group of companies. We are tremendously excited that we will continue to grow the business with some new and exciting plans for development. We are also pleased that the Mason Owen Group will still retain an interest in the business to allow us both to take mutually advantageous opportunities in the future.