REG - B.P. Marsh &Partners - New Investment: Supporting the Growth of XPT Group

B.P. Marsh & PartnersAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250912:nRSL0501Za&default-theme=true

RNS Number : 0501Z  B.P. Marsh & Partners PLC  12 September 2025

12 September 2025

 

B.P. Marsh & Partners Plc

("B.P. Marsh", "the Company" or "the Group")

 

New Investment supporting the Growth of XPT Group LLC

 

B.P. Marsh & Partners Plc (AIM: BPM), the specialist private equity
investor in early-stage financial services businesses, is pleased to announce
that it has made an investment in support of its US-based investee company XPT
Group LLC ("XPT"), in its new vehicle XPT Producer Acquisition Co LLC ("XPT
Producer Co").

 

XPT Producer Co is a new platform, which has been established to enable XPT to
recruit and incubate new producers. This new vehicle gives XPT the ability to
accelerate its growth strategy of hiring experienced, quality, revenue
generating producers.

 

B.P. Marsh will subscribe to a 35% shareholding in the newly established
company for a nominal sum of $3,500, structured as cumulative preferred
shares.

 

In addition, B.P. Marsh has agreed to provide up to $12.5m in loan funding
over two years. The loan carries an interest rate of Secured Overnight
Financing Rate + 6.5%, with a minimum rate of 10% per annum.

 

Furthermore, Dan Topping, Chief Investment Officer at B.P. Marsh, will be
appointed to the Board of XPT Producer Co.

 

On completion, XPT Producer Co will draw down $3.5m from this facility, with
further drawdowns expected throughout the fourth quarter of 2025, and 2026.

 

Dan Topping, Chief Investment Officer of B.P. Marsh, commented:

 

"This investment is a natural extension of our long-standing partnership with
XPT, with the Producer Acquisition Company solving a structural challenge
around onboarding new revenue producers.

 

"Both initiatives align with our approach of backing entrepreneurial
management teams with capital solutions tailored to their growth ambitions. We
are pleased to continue supporting Tom Ruggieri and the XPT team in building a
best-in-class specialty platform.

 

"Since our investment in June 2017, XPT has grown from a start-up to being on
track to produce circa $1.23bn of GWP and an Adjusted EBITDA of US$28m in
FY25. This growth has been achieved through the acquisition of 18 companies
and numerous producer hires. XPT now employs over 360 members of staff and has
offices in over 26 locations."

 

Tom Ruggieri, CEO of XPT, commented:

 

"We're delighted to have B.P. Marsh's continued support as we execute a key
strategic initiative to strengthen XPT's long-term growth.

 

"The Producer Acquisition Company gives us a practical and scalable solution
for bringing in top-tier talent and reflects our commitment to innovation and
our focus on building a sustainable, high-performing specialty platform.

 

"We value the partnership with B.P. Marsh and are excited to move forward
together."

 

 For further information on B.P Marsh, its strategy and current portfolio,
 please visit www.bpmarsh.co.uk (http://www.bpmarsh.co.uk) or contact:

 B.P. Marsh & Partners Plc                            +44 (0)20 7233 3112

 Brian Marsh OBE / Alice Foulk

 Nominated Adviser & Joint Corporate Broker:          +44 (0)20 7886 2500

 Panmure Liberum Limited

 David Watkins / Atholl Tweedie / Amrit Mahbubani

 Joint Corporate Broker:                              +44 (0)20 7496 3000

 Singer Capital Markets Advisory LLP

 Charles Leigh Pemberton / James Moat / Asha Chotai

 Financial PR & Investor Relations:                   bpmarsh@tavistock.co.uk (mailto:bpmarsh@tavistock.co.uk)

 Tavistock                                            +44 (0)20 7920 3150

 Simon Hudson / Katie Hopkins / Kuba Stawiski

 

 

- Ends -

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCLBMTTMTJBTRA