12/09/2023
Jensten Group acquisition delivers significant presence in East Anglia
Jensten has made its largest acquisition to date, acquiring leading East Anglian-based One Broker Group for an undisclosed amount, subject to regulatory approval. The deal, which gives Jensten a significant new regional centre of excellence in East Anglia, with offices in Norwich and Cambridge, brings 115 staff and £60m GWP to the Group. The deal means Jensten now controls well in excess of £500m GWP and has 800 staff.
One Broker Group services commercial and personal clients across East Anglia, with a focus on business, property and haulage. The business has also built an impressive range of specialist schemes with national distribution, including solutions for private ambulances, community-led housing, community assets, thatched homes and classic cars. One Broker's claims management offering for pallet networks sees some of the largest companies in the sector rely on the business to manage their losses.
MD Sean Clark will continue to lead the business, which has successfully delivered strong year-on-year organic growth. The business also has a track record of successful acquisitions, which most recently saw Uttings Insurance Brokers acquired in 2022. CEO Robin Plaster will lead further M&A growth in the region, where One Broker is poised to continue to buy high-quality broking businesses.
Robin Plaster, One Broker CEO, commented: "Jensten is a natural fit for our business as we move to the next stage of our growth. Early in our discussions with the Jensten leadership, it became clear that we have a shared view of the importance of looking after our people and providing excellent service to clients. Our established presence in East Anglia and specialist schemes add value to the Group. We are delighted to join Jensten and are excited about this next phase."
Previous announcements by Jensten in 2023 saw the business establish a Southern regional presence by acquiring three Coversure offices, followed by a regional centre in Cumbria and the North. The Group has also continued to make strategic purchases of specialist brokers to complement its growing Specialisms business.
Alistair Hardie, Jensten CEO, commented: "The acquisition of One Broker demonstrates the strength of the Jensten proposition to regional and specialist brokers looking for a home that supports their continued growth. The success we're seeing in delivering significant growth, both organic and through acquisition, demonstrates the credibility of our people and our propositions to the market.
"Jensten is arguably the industry's most exciting story and best-kept secret – over a reasonably short period of time, we've delivered remarkable growth through organic initiatives such as our unique lead generation model, and as a highly effective acquirer and have become one of the fastest-growing brokers in the UK.
"One Broker is one of the outstanding regional assets in the UK broking sector and we are delighted to welcome Robin, Sean and the rest of the team to the Jensten family."
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