Prosura Acquires Donald Schofield
Prosura Group has announced its acquisition of Donald Schofield (Pontefract) Limited, the Commercial Insurance broker based in Pontefract, West Yorkshire.
The deal marks Prosura’s second acquisition in less than 12 months and demonstrates how the company is fast becoming the alternative new home for independent brokers in the North.
Paul Schofield (left), Director at Donald Schofield (Pontefract) Limited is pictured with Jon Newall CEO at Prosura Group.
Welcome to the Prosura Group
Jon Newall, CEO at Prosura Group, comments:
“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.”
Acquisition Boosts Prosura Group’s Growth
The deal, which will enhance competitiveness and increase capacity, 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.
A Progressive Collaboration
Paul Schofield, Director at Donald Schofield (Pontefract) Limited comments:
“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.”
About Prosura Group
The Prosura Group consists of three independent brokers: Prosura, First Stop Insurance Brokers and Donald Schofield (Pontefract) Limited.
Operating from its head office in Wakefield, the Prosura Group of companies are trusted partners that simplify the complexities of insurance. Together they combine the highest levels of customer service and expert advice with the ability to find the right, cost-effective policies to safeguard each client’s most valuable assets.
Operating locally & nationwide, Prosura Group supports businesses of all sizes across various industries, including manufacturing, distribution, property, leisure, and hospitality. Prosura’s services extend beyond traditional insurance offerings and include innovative solutions like the ‘Prosura Digital Lawyer,’ a digital legal service designed for its commercial customers.
About Donald Schofield (Pontefract) Limited
Donald Schofield (Pontefract) Limited has been trading in Pontefract since 1962 as Brokers, and a business that has always remained independent and 100% family owned. The business operates locally and supports both commercial and personal insurance needs through a friendly, personal approach to service.