Jelf Group has acquired Oxfordshire-based insurance broker Cherwell Insurance Management for an undisclosed sum.
The Bristol-based corporate consultancy says it will retain the Hanborough office and all staff, giving Jelf a total of 20 offices nationwide.
Jelf group chief executive Alex Alway says: “The Jelf Group has a clearly stated growth policy and the acquisition of businesses that are both culturally and commercially aligned is a key part of that strategy.
Cherwell is a fantastic addition to the Group, delivering the dual benefit of strengthening our existing insurance team and extending our client coverage.”
Cherwell joint managing partner Roy Haines says: “There is real benefit to be gained in being part of a larger organisation. The increased support that we can provide for our clients was a major factor in our decision.”