Wed, 13 Dec 2023 | BUSINESS SALE
Insurance firm Jensten Group has continued its M&A-led growth with the takeover of Scrutton Bland Insurance Brokers, an insurance business based in East Anglia. Scrutton Bland provides broking services to clients from an array of sectors, with a focus on commercial property.
The company has a team of more than 50 staff and, in addition to its commercial property services, has well-established specialisms in charity and agriculture. The acquisition of Scrutton Bland adds £22 million of gross written premium (GWP) to Jensten Group.
Following the acquisition, Scrutton Bland will join East Anglia-based One Broker Group, which Jensten acquired last month. The acquisition of the companies and Scrutton Bland’s integration into One Broker Group reflects Jensten’s strategy of building regional specialist centres of excellence.
This strategy was also demonstrated in October 2023, when Jensten acquired Yorkshire-based White Rose Insurance Solutions, which will become part of fellow Yorkshire firm Ravenhall Risk Solutions – a business that Jensten acquired in 2022.
Post-acquisition, Scrutton Bland Insurance Brokers Director Tim Mulley will continue to lead the business, while reporting to Jensten Insurance Brokers Regional Managing Director Sean Clark.
Commenting on the deal, Jensten Retail Managing Director Rob Organ said: "We're seeing real success as we grow our regional footprint across the UK. Our recent announcement in Yorkshire and now additional investment into East Anglia are testament to our strategic focus of establishing regional centres of excellence.”
"At the same time, we want to grow our specialist capabilities, with propositions focused on specific client and industry sectors. Scrutton Bland Insurance Broker’s reputation for providing a high-quality and tailored service to clients across East Anglia, as well as their specialist offering to charity and agricultural communities makes them a great new addition to Jensten and we look forward to welcoming Tim and the team to the Jensten family.”
Tim Mulley said that it was important for Scrutton Bland to “join a business with a good cultural fit and a clear focus on clients” and that “this was the case with Jensten.”
Mulley continued: "We have a strong presence in the East Anglian region and preserving that local connection with our clients was important for us. We wanted to join a business that was able to support our growth, offer continued stability to our clients, at the same time as genuinely appreciating the significance of preserving our regional connection."
Find out more about the latest M&A trends in the UK insurance sector
Seeking parties interested in the business and assets of a company that trades as a consultancy firm offering creative strategies.
Founded in the early 2000s, this multimillion-pound investment network has disrupted and thrived in the startup fundraising scene, connecting entrepreneurs and angel investors globally. With a robust network spanning 40 networks in 90 countries and o...
This is an excellent, unique opportunity to purchase a relocatable Financial business. Having now built up a very strong and recognised brand, the business has quickly gained momentum since being established in 2014. Going from strength to strength o...
13
|
Feb
|
Danish-owned ITGL snaps up Swindon-based cybersecurity firm ISN | BUSINESS SALE
Technology services provider Intuitive Systems & Networks (I...
13
|
Feb
|
Troy UK falls into administration | ADMINISTRATION
Tools and maintenance supplier Troy (UK) has fallen into adm...
13
|
Feb
|
C&M Scientific buys Radison Services to expand UK footprint | BUSINESS SALE
C&M Scientific, the dedicated service arm of Scientific Labo...
14
|
Jun
|
Jensten strikes latest acquisition with deal for Hastings broker | BUSINESS SALE
Insurance services group Jensten has continued to grow throu...
04
|
Jun
|
Insurance firm Jensten completes double acquisition | BUSINESS SALE
Insurance services group Jensten has completed two acquisiti...
20
|
Oct
|
Insurance group acquires Yorkshire broker | BUSINESS SALE
Insurance services group Jensten has acquired the business a...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.