The mid-tier question as regulators tighten merger scrutiny
Warren Downey (pictured right), group CEO of SRG, said founder-led, specialist and geographically focused independents remain an active part of the deal universe, particularly those that have resisted previous approaches from larger consolidators. “If a business is set up with a niche or a specialism in mind, or an industry group or a geographical focus, and they are independent, today by definition that’s an interesting community to us,” he said.