Consolidators buys Creamer Group
Oval has acquired Warrington based Creamer Group, its first move into the north west and the seventh acquisition in as many months.
Oval said the acquisition "maintains Oval’s current policy of continued expansion across the whole of the UK and fulfils the company’s desire to make a mark in the North West in order to build that national footprint".
Creamer was established for over 40 years with expertise in insurance broking, risk management and financial services. Oval said Creamer was targeted owing to its "solid position in the North West and the fact that it will further boost Oval’s ever-increasing expertise and client base".
It currently employs over 40 staff and has an annual GWP of over £16 million.
John Lawson and Lee Chadwick formerly group chairman and managing director of the Creamer Group will continue to run the Oval office in Warrington, Cheshire. The senior management team will report to Oval’s John Hancock, managing director for the Northern region who is based at Wakefield.
Lawson said: “We’re so pleased that we have been able to grow the Creamer Group to such an extent that its success has attracted the interests of Oval. We have always been impressed by Oval’s ethos and ethics and this acquisition has come about through a mutual respect for both companies. This move means that not only will we be able to maintain our current pattern of success and be able to give the Creamer team continued job security, but the substantial weight of Oval will allow us to secure improved deals for our customers and become a beacon for growth in the North West.”
Hancock added: “Creamer Group is an incredibly respected broker with a strong history and a great reputation, we’re delighted that our combined capability will provide businesses in the North West and across the UK with such impressive corporate business skills. The Creamer team bring a wide range of notable risk expertise including the procurement of insurance cover for environmental risks, the waste industry and allied trades as well as the ship building industry and allied trades. This initial north west acquisition continues our strategy to work to unite the very best brokers the UK has to offer.”