Acquisitive insurance broker is hungry for more deals

Following completion of more than 20 acquisitions in 2024, Guiseley-headquartered insurance broker JMG Group says it intends to continue its acquisition strategy into 2025 and beyond.

The group has confirmed it is currently in advanced negotiations with a number of organisations and anticipates revealing these transactions over the coming months.

JMG Group was established in 2020 following a management buyout (MBO) of JM Glendinning Insurance Brokers led by group CEO, Nick Houghton, and backed by private equity firm Synova.

Leeds-headquartered law firm Gordons advised JMG Group on all of its 20 English acquisitions last year and has been retained to support on any new deals in 2025.

Houghton said: “For the past four years we have been supplementing our strong organic growth through a series of targeted and complementary acquisitions.

“However, there remains a clear opportunity for us to further expand the group through strategic acquisitions in 2025 and we are forging ahead with our plans to do so.

“This is enabled by our position in the market as a high quality, nationwide, mid-tier broking platform.”

Having made 46 acquisitions since 2020 – 35 of which Gordons has supported on – JMG Group now employs more than 700 insurance professionals across 45 offices stretching from the Scottish highlands to England’s south coast.

Gordons corporate partner, Duncan Firman, who leads the firm’s relationship with JMG Group, added: “We have developed a real partnership with JMG Group where we work seamlessly with their inhouse M&A, HR and regulatory teams.

“Working together, we have honed a bespoke approach to acquisitions that enable us to effectively support the JMG Group on multiple deals simultaneously.

“JMG Group has the strong track record, appetite and backing to further transform the UK insurance intermediary market. We look forward to continuing to play our role in making their vision a reality.”