Jensten continues ‘buy and build’ strategy with latest acquisition
UK-based broking and insurance group Jensten has bolstered its regional presence in Yorkshire with its latest acquisition as part of the company's ‘buy and build’ strategy.
The Jensten Group has acquired Leeds-based broker Ravenhall Risk Solutions for an undisclosed sum. The deal is subject to approval by the FCA.
Ravenhall focuses on servicing commercial and personal clients in the region. Additionally, the business has developed solutions for traditionally harder to place risks, including unmanned aerial vehicle operators and the equestrian industry. Ravenhall handles £10 million GWP, bringing the total GWP the Jensten Group controls to approaching £350 million.
Director Neil Grimshaw founded Ravenhall in 2006 and will remain with the business, leading further growth as part of the Jensten Group. The Group acquired Yorkshire-based broker, Packetts, in 2021 and together the businesses will form the Jensten regional business, with both brands and office locations being retained. Grimshaw will work closely with Packetts MD, Marshall Sugden, to build Jensten's presence in the region.
Alistair Hardie (pictured), Jensten Group CEO, said: "We are delighted to welcome Ravenhall to the Jensten family. Neil and the team share our core values and culture, providing an exceptional broking service and putting clients first - making them an ideal fit for the Jensten Group."
Grimshaw said: "After deciding it was time for the business to enter its next phase, Jensten quickly became the obvious choice when looking for a buyer. Their focus on our people and clients from the beginning and their track record of buying brokers in the right way gave us the confidence we were making the right decision."
Hardie added: "The addition of Ravenhall to the Jensten portfolio further demonstrates that we are the natural home for high quality regional and specialist brokers who want to protect and grow the business they've built, ensuring both staff and clients remain central to the business."
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