Prosura Group has acquired Donald Schofield (Pontefract) Limited, the Commercial Insurance broker based in Pontefract, West Yorkshire.
The deal marks Wakefield-headquartered Prosura’s second acquisition in less than 12 months.
Jon Newall, CEO at Prosura Group, said: “We are proud to welcome Donald Schofield (Pontefract) Limited into the Prosura Group and for all colleagues and clients to join the family!
“Paul and his team share our work ethic and have similar values, which are important considerations when embarking on an acquisition. Now we can all look forward to maintaining high levels of customer service, covering risks across our brands and delivering peace of mind to our clients.”
The deal will see the Donald Schofield (Pontefract) Limited brand retained, and all clients and assets of the company will be integrated into the Prosura Group. The acquisition will place Prosura Group on the path to hitting a £6m GWP by December 2024, the end of its second year of trading.
Paul Schofield, Director at Donald Schofield (Pontefract) Limited, said: “Like Jon and his team, we value and celebrate our status as an independent broker. We believe that this delivers the best for colleagues and clients and are pleased that this will continue.
“With over 60 years of combined commercial insurance knowledge collectively between Jon and I, this will be a progressive collaboration of innovative and traditional commercial broking moving forward.”
Jon adds: “As a business, we are huge advocates of independent brokers and believe that they play a vital role in our industry. At Prosura we are proud to provide a viable alternative to the industry consolidators when brokers are looking to sell their business.
“We are already looking out for our third acquisition and are keen to talk to any independent broker that is considering exiting the industry knowing that their clients and colleagues will be looked after.”
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