Birmingham team advise insurance group on sixth acquisition
Birmingham-based Springboard Corporate Finance has supported longstanding client Jensten Group, a broking and insurance group, on its sixth acquisition.
The company has bought Origin UW, which specialises in writing business for clients with a turnover of up to £50m.
The acquisition sees Livingbridge-backed Jensten continue its strategy of acquiring businesses with significant growth potential.
Jensten’s Wholesale MD, Simon Taylor said: “From the outset we knew Origin UW would be a great strategic and cultural fit for Jensten’s existing wholesale proposition. Dawn has built a successful, specialist MGA with a great reputation in the market. This is a fantastic addition to the Group and will be of great benefit to our partner brokers and their clients.”
Dawn Henderson, Origin UW’s MD said: “We’re hugely excited to be joining the Jensten Group. We’re confident this step will allow us to make even more progress in providing excellent products and service to our brokers.”
Jensten was advised by Springboard partners Simon Ward and James Bailey.
Bailey said: “The acquisition of Origin demonstrates that Jensten should be the home of choice for ambitious founders and management teams in the insurance broking market. We are delighted to have supported the Jensten team on what I am sure will prove to be another successful addition to the group.”