GEAR | North Group to merge with Standard Club
The North Group, a company under The North of England Protecting and Indemnity Association (NEPIA), is set to merge with the Standard Club Group to form the NorthStandard Group with effect from Monday, February 20.
The Standard Club, which is currently the ultimate parent company of the Standard Club Group, will become a wholly owned subsidiary of NEPIA. This will then make NEPIA the ultimate parent company of the merged NorthStandard Group.
Discussions between Standard Club and the North Group started in the summer of 2021 and the boards of both clubs approved the proposed merger on March 11, 2022.
The clubs then entered into a framework agreement, setting out the various conditions that must be satisfied for the proposed merger to complete. This included obtaining the approval of the members of each club, as well as regulatory and merger control approvals.
The new organisation will be jointly led by Jeremy Grose, CEO at Standard Club, and Paul Jennings, CEO at North.