Fri, 12 Sep 2025 | BUSINESS SALE
Insurance brokerage JMG Group, which has completed 50 acquisitions since its management buyout (MBO) in 2020, has expanded further with a triple acquisition that adds three established insurance brokerages to its growing national network.
The triple deal sees the Leeds-headquartered group add Gainsborough-based Allsop Commercial Services, Sussex firm Highhouse Insurance Services and Essex-based Insursec Risk Management.
Nick Houghton, Chief Executive at JMG Group (pictured above), commented: "Each of these businesses has built its reputation on personal service, knowledge and a deep understanding of its clients. By bringing this expertise into the JMG family, we strengthen the support we can offer to clients nationwide, while preserving the independent, community-focused approach that makes our brokers so valued."
Initially founded in Scunthorpe in 1991 before relocating to Gainsborough, Allsop Commercial Services focuses on commercial insurance, covering a variety of sectors including financial services, construction, farming and motor trade.
The company’s client base spans from sole traders to large corporations. Following the acquisition, the firm’s four-strong team will remain in place under the ownership of JMG Group.
Highhouse Insurance Services, which was founded in 2005 and is based in Selsey, provides specialist knowledge covering hard-to-place risks, including oil refineries, thatched properties and other more unusual risk areas. The firm is said to have seen steady growth over the past two decades and to have built a loyal client base.
Established in 2000, Insursec Risk Management serves SMEs and high-net-worth individuals (HNWs) across the UK. The eight-strong team, led by experienced Managing Director Tom Powell, has built a strong reputation for providing tailored advice and nurturing long-term client relationships. Post-acquisition, Powell will continue to lead the business, while benefitting from access to the wider resources and expertise offered by JMG Group.
The deal continues a period of significant growth for JMG Group, which has established itself as one of the most active consolidators in the UK’s brokerage market.
In May, the company announced a major new equity investment jointly led by Synova, GTCR and the JMG leadership team (subject to regulatory approval) and in July secured its 50th post-MBO deal, with its acquisition of London-based Profile Insurance Services.
Despite strong ongoing activity, there are signs that the UK M&A market for insurance brokerages is shrinking
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