Broker could revisit mergers after 2008 Oval deal collapse

Nick Tamblyn, Perkins Slade

Perkins Slade would not rule out a merger deal, according to chief executive Nick Tamblyn.

The Birmingham broker planned to merge with Oval in 2008, but the deal fell through.

Perkins Slade now runs an employee ownership scheme and is independent, but Tamblyn said in an exclusive Insurance Times interview that if the broker was offered the right price then it could still sell.

He said: “You’ve just got a broad group of people that will make the decision, and if someone is prepared to pay well outside what those shareholders believe is the true value, they may be inclined to accept it.”

Click here to read the full interview with Nick Tamblyn.