Jensten builds out sector-focused niche with latest swoop for UK broker
UK-based broking and insurance group Jensten is continuing to build its business through acquisition, with its latest swoop adding niche sector-focused capabilities and an additional £25 million GWP, 41 staff and over 2000 clients to its UK and European portfolio.
The Jensten Group has acquired specialist commercial broker Basil Fry & Company – its seventh acquisition in less than four months and follows the recent purchase of motor trade broker Bellegrove.
Established over 50 years ago, Surrey-based Basil Fry is the “market leader” in providing insurance solutions to the UK’s removals, storage and self-storage sectors. The company is known for its expertise and established cross-class schemes.
Following the deal, Basil Fry’s managing director Greg Wildman will continue to lead the business, reporting to Jensten’s retail managing director Rob Organ.
Wildman said: “Jensten focussed on the two most important areas of our business right from the beginning – our clients and our staff. We had various opportunities to consider elsewhere but it was clear that our shared ethos would make this transition a success. After significant sustained growth for many years, we needed to find a powerful partner to develop our service offering both in the UK and in Europe and we are very excited about the opportunities that Jensten will provide to us.”
Alistair Hardie, group CEO of Jensten Group, commented: “Basil Fry is the market leader in its chosen sectors and another top-quality brokerage that has chosen Jensten as its acquisition partner. I look forward to welcoming a further 41 talented colleagues to the Jensten family.”
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