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News Release

Butterworth Spengler set for further growth following first acquisition

We are pleased to announce we have made our first acquisition since our MBO in March this year.

We have acquired Gloucester-based Brunsdon Insurance, facilitated by investment by JMG group, which will see Brunsdon Insurance’s existing team of 17 join our team of 30 employees, bringing a wealth of knowledge and experience to the business.

Says John Lacey: "Brunsdon Insurance is a quality broker and presents an extremely attractive business proposition which will enhance our commercial insurance, professional risks, and specialist schemes business divisions. Becoming part of the JMG group has given us greater buying power, accelerated our growth and further strengthened our position in the marketplace. We expect the same success for Brunsdon Insurance as they come onboard."

Brunsdon Insurance will continue to work from its offices in Gloucester, trading as Brunsdon Insurance and offering its services for corporate, SME and private clients, with access to wider services through Butterworth Spengler and the group. Neville Mills, who has been MD at Brunsdon Insurance for six years following its MBO in 2015, will continue to lead the business.

Neville Mills says: "I am hugely excited to be working with Butterworth Spengler and the JMG group in building the footprint in the South West and of course the growth aspirations throughout the UK. Being part of a top 75 broker will provide us with valuable resources and knowledge to support our client placements, and opportunities to engage more with new clients. Our independence and personal approach to client relationships continues as it has done for over 85 years."

JMG group CEO Nick Houghton says: "This is an excellent acquisition for Butterworth Spengler and for the group. It’s a textbook example of what we wanted to achieve when we established the JMG group – to find insurance broker businesses with the potential, and appetite, to grow. We expect that this is the first of many acquisitions for companies within our group."

John Lacey MD

 

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