MGA Tradesman pays $47mn to buy back 40% shareholding from fronting partner R&Q Accredited

New York-based construction specialist group Roosevelt Road Capital Partners has bought back the 40 percent share in its MGA platform Tradesman held by R&Q, in a deal which eases a potential squeeze for the London-listed program and legacy firm while allowing Tradesman to retain future profits 100 percent and have greater flexibility on which fronting partners to use.