Jensen Group has begun again its acquisition spree this month by acquiring High Wycombe-based insurance broker J Bennett & Son Insurance Brokers (J Bennett & Son) and its Oxford-based subsidiary Mathews Comfort & Co, subject to regulatory permission.
Jensen Group’s fourth accession this month, J Bennett & Son mainly works with commercial clients locally and specializes in the life sciences and biomedical field, in addition to solutions for hot climate balloon owners. The insurance broker and its subsidiary have a rich heritage of providing high-quality advice to their clients, joining forces in 2017. The business employs 25 people across its two bureaus.
The deal brings £13 million in gross written premiums (GWP) to Jensen Group and follows the acquisition of Ravenhall Risk Solutions, Origin UW, and Coversure Nottingham.
Jensen Group CEO Alistair Hardie welcomed J Bennett & Son and Mathews Comfort & Co to the group, describing them as businesses “with a significant history and a proven track record over many years of putting clients and staff first.”
“Jensen is completely aligned on these values, making this an excellent acquisition,” Hardie added.
J. Bennett & Son managing director Peter Sutcliffe commented: “As some of us are retiring, we wanted to sell to a business [that] would continue to prioritize our clients and staff and recognize the value of our heritage and specialisms. Throughout the process, Jensen demonstrated their focus on all the core things that matter to us, and so was the obvious choice as the business moves into its next phase.”