January 22, 2026: Product Partnerships Ltd (PPL) has strengthened its growth strategy following the acquisition of a majority stake in Think Compliance, as the business continues to scale through a combination of acquisition, organic growth and strategic partnerships.

The Leeds headquartered compliance specialist has acquired Think Compliance, adding more than 200 clients to the group and enhancing its capabilities across regulated sectors. The deal forms part of a wider growth strategy for PPL, which has also delivered strong organic expansion over the past year.

The acquisition comes less than one year after PPL secured a £10 million investment round from Arete, TDC and Seneca in February 2025. Since completing a management buyout, the business has quadrupled its client base and confirmed that further transactions are being explored as it looks to consolidate in a fragmented compliance market.

Alongside acquisitions, PPL has continued to grow through partnerships, including a recent agreement with Mac Tools, part of Stanley Black & Decker Group, strengthening its presence across trade and franchise networks.

Founded 11 years ago in Shipley, PPL has seen rapid expansion over the past year. Between November 2024 and October 2025, the business oversaw more than £350 million in credit transactions and now supports a growing roster of global brands including Aston Martin, Hyundai, JD Sports and Scottish Power.

Technology continues to underpin the business through PPL’s proprietary Artemis compliance platform, enabling organisations to scale compliance efficiently while retaining support from PPL’s in-house advisory team.

Industry veteran Peter Cowgill joined PPL as a non-executive director in 2026, having spent time as an adviser since the MBO. Cowgill, whose retail network and sector experience spans decades, is supporting the business as it enters its next phase of growth.

Phillip Garlick, chief executive officer of PPL, said: “We are building a national leader in outsourced compliance and the last twelve months have demonstrated the scale of the opportunity ahead of us. Our growth has been driven by a combination of organic momentum, strategic partnerships and targeted acquisitions, all underpinned by the quality of our people and platform.

“The acquisition of Think Compliance strengthens our capability, while partnerships such as Mac Tools show how our model can scale across different sectors. Bringing Peter on board adds significant experience and insight and we are excited about the next stage of our journey.”

Peter Cowgill, non-executive director at PPL, added: “PPL is operating in a market that is ripe for consolidation and has a clear opportunity to become the partner of choice for businesses that want to grow responsibly. The quality of the clients already working with the business is impressive and reflects the depth of expertise and service PPL provides. I am delighted to be supporting the team as it continues to expand.”

PPL operates from Atlas House in Leeds, which previously served as the regional headquarters for the Bank of England. The business operates across three complementary client cohorts: firms operating under its appointed representative network, directly authorised clients that outsource compliance requirements to PPL, and businesses seeking FCA authorisation for the first time.