Jensten Group has acquired East Anglian-based One Broker Group for an undisclosed amount, subject to regulatory approval.
The deal, which gives Jensten a new regional centre of excellence in East Anglia, with offices in Norwich and Cambridge, brings 115 staff to the group.
One Broker Group services commercial and personal clients across East Anglia, with a focus on business, property and haulage. It also advises on key personnel private medical insurance for these businesses.
One Broker Group MD Sean Clark will continue to lead the business, while its CEO Robin Plaster will lead further mergers and acquisitions growth in the region, and to continue to buy “high-quality” broking businesses.
Plaster said: “Jensten is a natural fit for our business as we move to the next stage of our growth.
“Early in our discussions with the Jensten leadership, it became clear that we have a shared view of the importance of looking after our people and providing excellent service to clients.
“Our established presence in East Anglia and specialist schemes add value to the group. We are delighted to join Jensten and are excited about this next phase.”
This past year has also seen Jensten establish a Southern regional presence by acquiring three Coversure offices, followed by a regional centre in Cumbria and the North.
The group has also continued to make strategic purchases of specialist brokers to complement its growing specialisms business.
Alistair Hardie, CEO at Jensten, added: “The acquisition of One Broker demonstrates the strength of the Jensten proposition to regional and specialist brokers looking for a home that supports their continued growth.
“The success we’re seeing in delivering significant growth, both organic and through acquisition, demonstrates the credibility of our people and our propositions to the market.
“Over a reasonably short period of time, we’ve delivered remarkable growth through organic initiatives such as our unique lead generation model, and as a highly effective acquirer and have become one of the fastest-growing brokers in the UK…
“We are delighted to welcome Robin, Sean and the rest of the team to the Jensten family.”