Business & Financial Services

Buying a business

Springboard Corporate Finance is delighted to announce that it has supported Jensten Group on the acquisitions of Ravenhall Risk Solutions and J Bennett and Son Insurance Brokers.  Springboard has now advised the group on 8 transactions over the last three years. Jensten is one of the UK’s largest, independent insurance broking groups employing 450 staff across the UK.  Jensten handles Gross Written Premium of more than £350 million and is growing rapidly both via acquisition and organically.

J Bennett & Son is based in High Wycombe and Oxford and has a rich heritage having been founded in 1908.  The business works with local commercial clients with a particular specialism in biomedical and the life sciences.  Bennett employs 25 staff and will bring £13m of Gross Written Premium to Jensten.

Leeds – based Ravenhall serves commercial and personal clients, including solutions for traditionally harder to place risks such as unmanned ariel vehicle operators and the equestrian industry.  Ravenhall will bring 2,500 clients and a further 25 staff to the Jensten Group.

Alastair Hardie CEO of Jensten Group commented “We are seeing more and more community brokers approaching us to help secure their future as independent brokers focussed on delivering solutions for their customers.  They are also keen to seek support as they look to wrestle with increasingly complex compliance and administrative demands”.

Jensten was supported on the acquisitions by a team at Springboard led by Partners James Bailey and Simon Ward supported by manager James Cross.  James Bailey commented – “It was an absolute pleasure to support the team at Jensten on these deals.  The acquisitive growth of the Group over recent years has been truly impressive and we are proud to have been able to assist Jensten”.