Sunday, June 16, 2024

JMG Group makes 20th broker acquisition

Yorkshire-based JMG Group has acquired North East commercial and corporate broker, Insure Business, in the group’s 20th acquisition since its formation just over 2½ years ago.

Insure Business will join the JM Glendinning North East business, part of the JMG Group, adding to the established team of insurance professionals based at Gosforth Business Park in Newcastle. This move is part of JMG Group’s ongoing growth strategy, which is underpinned by a personal approach to the acquisition process.

Insure Business MD Kate Allison and account handler Daniel Wilds will continue to offer the same professional service to its established client portfolio, whilst rebranding to become JM Glendinning.

Kate Allison, Insure Business MD, says: “The sale to JMG Group was an easy decision to make as its client-focussed values align closely with our own. Dealing directly with the team I’ll be dealing with really helped me with the sale process and the transition into the group.

“I am looking forward to being part of the dynamic JM Glendinning team whilst making sure the needs of our clients continue to be exceeded, now with the additional support and resources that being part of a wider group will bring.”

Nick Houghton, CEO of JMG Group, says: “We are delighted to welcome Kate and Insure Business onboard as our 20th acquisition – it’s a perfect fit for the group and a great addition to our Newcastle team.

“Sellers get to know the JMG team they are going to be part of throughout the sale process, which helps greatly. As does the experience of our M&A team. We are able to move quickly and be creative in our approach. The team will work with Kate to take away the noise, leaving Kate and her team to focus on winning and retaining clients.”

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