The Jensten Team has obtained United kingdom broker Ravenhall Hazard Options for an undisclosed sum. The deal, which is subject matter to acceptance by the FCA, bolsters Jensten’s regional existence in Yorkshire and is the Group’s most up-to-date action in its “buy and build” approach.
Leeds, England-based mostly Ravenhall focuses on servicing business and personal clientele in the area. Additionally, the business enterprise has produced remedies for usually more durable to location pitfalls, like unmanned aerial vehicle operators and the equestrian industry. Ravenhall handles £10 million GWP, bringing the full GWP the Jensten Team controls to approaching £350 million.
Director Neil Grimshaw started Ravenhall in 2006 and will keep on being with the company, top even more growth as element of the London-based mostly Jensten Group.
The group obtained Yorkshire-based mostly broker, Packetts, in 2021, and with each other the corporations will variety the Jensten regional enterprise, with each brand names and place of work places getting retained. Grimshaw will function intently with Packetts’ controlling director, Marshall Sugden, to establish Jensten’s existence in the region.
“We are delighted to welcome Ravenhall to the Jensten loved ones. Neil and the group share our main values and tradition, giving an exceptional broking services and placing shoppers initial – creating them an ideal suit for the Jensten Group,” commented Alistair Hardie, CEO of Jensten Group.
“After deciding it was time for the company to enter its next period, Jensten rapidly turned the clear option when looking for a consumer. Their concentrate on our people today and customers from the beginning and their monitor record of acquiring brokers in the proper way gave us the assurance we ended up generating the suitable determination,” mentioned Neil Grimshaw, Ravenhall director.
Source: Jensten Group
Subjects
Mergers & Acquisitions
Businesses
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