Springboard has supported, longstanding client, the Jensten Group, a leading UK broking and Insurance Group on its sixth acquisition to date, the purchase of Origin UW Limited.
Origin specialises in writing business for clients with a turnover of up to £50m and is proud to have one of the widest definitions of SME in the market, with appetite to consider 95% of businesses in the UK.
Origin UW describes itself as a modern insurance business which takes a traditional approach to underwriting and service, offering brokers and policyholders something different by doing the simple things well.
This acquisition sees Livingbridge backed Jensten continue its proven strategy of acquiring high quality, entrepreneurial businesses with significant growth potential and leadership teams who put clients first.
Jensten’s Wholesale MD, Simon Taylor commented: “From the outset we knew Origin UW would be a great strategic and cultural fit for Jensten’s existing wholesale proposition. Dawn has built a successful, specialist MGA with a great reputation in the market. This is a fantastic addition to the Group and will be of great benefit to our partner brokers and their clients.”
Dawn Henderson, Origin UW’s MD said: “We’re hugely excited to be joining the Jensten Group. We’re confident this step will allow us to make even more progress in providing excellent products and service to our brokers.”
Jensten was advised by Springboard Partners Simon Ward and James Bailey. James commented “The acquisition of Origin demonstrates that Jensten should be the home of choice for ambitious founders and management teams in the insurance broking market. We are delighted to have supported the Jensten team on what I am sure will prove to be another successful addition to the group.”
Ed Hannan CFO - Jensten Group
“The acquisition of Origin UW marks another important milestone for Jensten – Springboard provided their usual professional and highly valued support to us throughout the process.”