Springboard is delighted to announce that it has advised Jensten Group, a leading UK broking and insurance group, on its acquisition of Senior Wright Limited.
Livingbridge-backed Jensten is a UK insurance distribution platform, providing essential, high quality broking services including marketing, HR, client money and IT support to around 100 Coversure franchises nationwide and private customers with specialist personal lines insurance needs.
Senior Wright is a wholesale and retail broker placing in excess of £20 million of Gross Written Premium in the Lloyd’s and company markets. The business serves clients in a number of sectors and operates from offices in London, Edinburgh, Leeds and Dudley. The deal is the second acquisition that Jensten has exchanged on since lockdown.
Group CFO of Jensten, Ed Hannan said “Senior Wright is an extremely desirable business with a strong track record and an attractive client base. We look forward to supporting the team in unlocking further potential in the business. As a management team, one of our primary missions is to grow through the targeted acquisition of good quality, niche and non-commoditised insurance businesses. We have strong operational and financial support from our backers, Livingbridge, in the execution of our ever-accelerating buy and build strategy.”
Jensten was advised by Springboard Partner Simon Ward and Director James Bailey. Simon commented “we are delighted to have supported Jensten on what I know will be the first of many acquisitions. The pipeline of opportunities at various stages is strong and Ed and his team have demonstrated that they can really deliver.”
Ed Hannan, Group CFO, Jensten Group
We have engaged Springboard to support across our ambitious acquisition strategy. Springboard give us great, pragmatic advice; they help ensure that we make the right deals on the right terms and get transactions across the line. Springboard are an integral addition to our in-house M&A team and we look forward to working with them as we go forward.