Integrity has rescued home information pack provider First Sellers Pack from administration.
The new company will be called Integrity FSP and has seen forty jobs at FSP secured.
As part of the rescue package, Integrity chief operating officer Nick Twyman will become the chief executive officer of Integrity FSP.
Integrity CEO Iain Stamp says: “This private equity deal represents great business for Integrity. It demonstrates not only the size of our company and its resources, but also Integrity’s desire to seek out opportunities to further grow its capital to enable it to continue to deliver the best services and solutions to its core markets and attractive returns to clients and stakeholders.
Stamp adds: “First Sellers Pack represents a great investment as it has a unique competitive advantage in the provision of HIPs to the property market. The deal also allows Integrity to diversify income streams and represents a good strategic fit as both firms are leading edge in their respective markets.”
FSP administrator BDO Stoy Hayward business restructuring partner Andy Beckingham says: “We are delighted to have been able to secure forty jobs at FSP through this going concern sale to Integrity. We would like to thank the staff for all their help during this difficult period. This deal secures the future of FSP and we wish all parties well.”