Tue, 04 Jun 2024 | BUSINESS SALE
Insurance services group Jensten has completed two acquisitions that, together, will bring a further three offices, 37 specialist professionals and more than £20 million in gross written premium (GWP) into its business.
Jensten announced the acquisitions of Melville Burbage and Henry Seymour & Co earlier this year and has now completed the two deals, continuing a period of significant activity for the business, which is one of the UK’s leading brokers and underwriters.
Berkshire-based Melville Burbage is a specialist commercial broker working with more than 5,000 businesses and individuals across industries including professional services, construction and non-profit.
The deal was initially announced in February and adds new areas of specialism for Jensten in the engineering and printing industries. The firm expects the deal to enhance its presence in the Home Counties and its ability to serve clients across the region.
The acquisition of Henry Seymour & Co, first announced in April, bolsters Jensten’s schemes offering. The firm trades under the Salon Gold brand and caters to gyms, spas, salons, clinics and mobile or freelance therapists. It also operates in the trade and construction sector through the Tradesman Saver brand.
Alistair Hardie, chief executive of Jensten, commented: "Our ongoing efforts to expand our presence throughout the UK have brought us significant success.”
"The recent acquisition of Melville Burbage demonstrates our firm commitment to strategically broadening our expertise and capabilities, with a focus on establishing regional centres of excellence.”
"The integration of Henry Seymour & Co signifies a significant leap forward in the growth of our schemes and affinities business, enhancing our capacity to offer market-leading specialist support to a diverse range of clients with very niche requirements."
Find out more about how M&A trends are developing in the UK insurance sector
Read about another recent Jensten acquisition
An exciting opportunity to acquire a well-established independent financial advisor firm with £125m in funds under management in Wiltshire.
Although profitable, this business has quality personnel who can continue working, leading to a smoother transition post sale.
This firm represents a superb opportunity to establish a hub, with staff and offices already in place.
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