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PKF helps Ipswich-based Cooksheppardpinhey join the Oval group

Leading insurance broking consolidator Oval Limited (Oval) has acquired Ipswich based insurance broker cooksheppardpinhey.Established for over 25 years, cooksheppardpinhey has grown to become one of the country's leading regional insurance brokers. The company offers insurance and financial services to a wide range of business sectors including the professions, construction, transport, motor trade and food and retail. With an annual GWP of around £17m and employing over 50 staff, the company provides an innovative, client focused service and an open market approach to broking. The acquisition of cooksheppardpinhey strengthens Oval's increasing presence in the region.Peter Bradbeer, formerly Financial Director said, 'cooksheppardpinhey has always had a strong commitment to providing client care and as Investors in People, to developing the full potential of our staff. We felt that Oval is closely aligned to our values. As the market hardens, Oval will provide security for our clients and an even wider range of services and expertise.'Oval plans to continue its commitment to East Anglia by bringing more jobs and greater investment to the region.Keith Ferguson, head of corporate finance at PKF Accountants & business advisers, whose Ipswich-based team helped broker the deal along with Norwich solicitors Mills & Reeve LLP, said: 'Deals of this sort take dedication, patience and professionalism not just from PKF but from all parties concerned. We were very pleased to be part of such a team.'Jeff Herdman Group Managing Director of Oval added, 'cooksheppardpinhey is an extremely professional and long established firm that has developed close relationships with its clients and a wide range of insurers. We are delighted that the company has joined the Oval group.'

Article by BDO LLP

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