Bland Bankart

Bland Bankart, one of the UK’s top five independent retail insurance specialists, safeguarded its future prospects with the sale of the business to Oval Insurance Group plc.

Originally established in 1960 by Philip Bland, the company expanded through organic growth, start-up initiatives and numerous strategic acquisitions – culminating with the acquisition of the Nottingham-based Bankart business in 1997. The business has retailed an exceptionally strong presence in the Midlands.

By joining Oval, Bland Bankart could benefit from the enlarged group’s increased leverage with insurers and levels of technological support – whilst retaining its local presence and relationships. For Oval, bringing Bland Bankart within the group’s framework provided a strong platform for further expansion. This supports Oval’s objective to become one of the UK’s foremost national broking brands over the next few years.

Clearwater advised Bland Bankart on the sale, which saw Philip Bland appointed as chairman of the Oval Group’s operating board on a part-time basis.

On the deal's success, Bland commented:

“There are clear synergies and benefits for us in this deal. I am excited at the opportunity to assist Oval in achieving its objectives.”