SG Wealth Management was launched by Mr Girling and Mr Neil in 2001 but with the latter reaching retirement age, it was described as “a timely decision” for Mr Girling to execute the privately funded buyout and take full control of the business.
Although Mr Girling has become majority shareholder, there was no change in company structure, with CEO of Adnams Plc, Dr Andy Wood, continuing his current position of chairman and all our employees remaining in their existing roles.
Commenting on the buyout Mr Girling said: “Neil and I have grown the business successfully together over many years and the time was right for me to fully take the helm.
“This now gives me the opportunity to invest in new technologies, increase our efficiencies and enjoy building the company further.
“Our loyal clients, motivated employees and strong senior management team place us in a strong position to grow SG Wealth Management in the long term.
“Whilst we will of course miss Neil – we wish him a long and very happy retirement. ”
Dr Wood said: “I am pleased Stephen has been able to become the majority shareholder of the business he started with Neil.
“This is a fitting conclusion to a successful entrepreneurial partnership that endured for 18 years and presided over an exciting period of growth.
“This acquisition should provide clients and staff with reassurance and the confidence that SGWM is in good hands and committed to an independent future.
“I would like to join Stephen in expressing my thanks to Neil for his contribution over many years.”