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PIB Group reveals another acquisition

PIB Group reveals another acquisition | Insurance Business

PIB Group reveals another acquisition

Continuing its recent spate of acquisitions, PIB Group Limited (PIB) has announced its acquisition of Cooper Solutions Ltd. The news follows the recent announcement of PIB’s acquisition of CMR Solutions Ltd and Sue Smith Ltd.

Read more: PIB Group reveals CMR and Sue Smith acquisition

Cooper Solutions provides a portfolio of online solutions for the retail automotive industry. These solutions include a ‘market-leading’ daily rate insurance product that is provided through PIB-owned Cooke & Mason.

Formed in 2001, the firm has 34 employees, based in Barford, and it has been announced that owners Barry and Peter Cooper will remain with the business upon completion of the acquisition, with Dean Pipitone assuming the role of managing director. 

Barry Cooper commented: “We’re delighted that PIB is investing in us, and we are looking forward to providing our clients with access to a broader range of products and services through PIB. We place high value on the relationships we have with our customers, many of whom have been with us since our inception.”

Operating at the centre of Cooper Solutions’ portfolio of client propositions is a web-based fleet management system which tracks all vehicle movements within a dealership and incorporates the provision of daily rate insurance for customer courtesy, demonstration and rental car loans. Cooper Solutions’ daily rate insurance product has been provided by Cooke & Mason since 2004 and insures approximately 12,000 retailer cars per day.

CEO for PIB, Brendan McManus, said: “I’m very pleased to welcome the team at Cooper Solutions who have worked closely with our experts at Cooke & Mason for almost 15 years. Their proven expertise in providing digital solutions to the automotive industry will open up new conversations and opportunities for our clients at Cooke & Mason. Likewise, we look forward to providing Cooper Solutions clients with further specialist advice and support from across the group.”