UK broker and underwriter Jensten has secured over £170 million in new borrowing facilities over the past six months, cementing the firm’s commitment to advancing its growth plans throughout 2024 and beyond.
Ultimately, this £170 million funding boost, lays the groundwork for a series of upcoming strategic acquisitions and organic growth initiatives for the company.
Jensten Group Chief Financial Officer, Ed Hannan, commented: “This recent expansion in funding marks another important moment for Jensten, as the business advances on its growth trajectory. With enhanced financial firepower evidencing the support and confidence of our partners, the business is poised to convert its strong pipeline of
opportunities.”
Moreover, Jensten closed out 2023 having completed an impressive total of 12 strategic acquisitions, which included its largest one to date in East Anglian-based One Broker Group.
The company is continuing with this momentum into 2024, having already announced two deals since the start of the year: Henry Seymour & Co and Melville Burbage.
From what we understand, both of these acquisitions have brought on board 55 new colleagues, as well as four new offices.
In addition, Henry Seymour & Co also bring a wealth of experience in a specialist market segment under its long-established brand, Salon Gold, ultimately strengthening Jensten’s schemes and affinities capability.
It should also be noted that these acquisitions will support the company’s ongoing strategy to expand its footprint across the UK and establish strong regional centres of excellence, delivering dedicated services to a diverse client portfolio.
Hannan added: “With the increased funding available for acquisitions, Jensten continues to be an attractive choice for business owners who are considering their options. Our track record speaks for itself, and we remain well-equipped to strike further deals which align with our growth strategy. The commitment from our partners reaffirms our ability to offer attractive options to vendors looking for a collaborative business partner capable of helping them drive their business growth, ensure client satisfaction, foster staff development, and secure their legacy. Our most recent acquisitions are a clear demonstration of our ability to attract high-quality businesses into the Jensten family, where they have the support available to ensure they continue to thrive and flourish.”
Meanwhile, Jensten recently acquired Scrutton Bland Insurance Brokers.
