PIB Group appears at 13th position in the Sunday Times Virgin Atlantic Fast Track 100

December 7, 2020

PIB Group Ltd (‘PIB’) has secured a place in the 2020 Sunday Times Virgin Atlantic Fast Track 100. Placed just outside of the top ten at number 13, the award recognises PIB as one of Britain’s top 100 private companies with the fastest-growing sales over their latest three financial years.

Fast 100 2020

This is the 24th annual edition of the prestigious research-led report, with the 2020 edition focused on highlighting the important contribution that private companies have made to the UK during the coronavirus pandemic. The report has earned the reputation over the years as ‘the definitive barometer of privately-owned growth companies’, many of which have gone onto enjoy further success. Of the 100 companies featured, PIB is one of 22 founded in the last five years and joins 56 other companies who have made their name on the list for the first time this year.

Brendan McManus, CEO for PIB Group commented: “This is a fantastic accolade for PIB Group and a very special milestone in our five-year history. I want to say a massive thanks to everyone at PIB for all their hard work in helping to make PIB the business that it is today. It’s an absolute joy to be part of the team and I look forward to more exciting plans due to unfold in 2021 and beyond to continue supporting our ambitious growth plans.”

The Group is also one of 10 companies with backing from private equity or venture capitalist firms. In 2016, PIB sold a 70% stake to Carlyle Group to help fund its acquisition strategy which has led to 35 investments in total, of which 11 have been in 2020. These include Barbon Insurance Group, as well as overseas investments through WDB in Poland and Marx Re-Insurance Brokers in Germany.