Jensten buys family-owned broker in first deal of post-Bain Capital era

Jensten Group has acquired commercial broker Northern Counties to expand its regional footprint. 

Northern Counties, which has offices in Gateshead and Glasgow, will become part of Jensten’s Regional Broking Division as part of the deal.

The family-run broker also brings a 20 strong team of experienced professionals to the group and a heritage spanning over 50 years.

This acquisition is the first following confirmation of Jensten Group’s reinvestment partnership with Bain Capital.

Rob Organ, group chief executive at Jensten, said: ”This acquisition represents a significant milestone in our ongoing growth strategy and is the first following our new partnership with Bain Capital. This further strengthens our regional presence and reinforces our commitment to delivering innovative insurance solutions for our clients.

”We’re all really looking forward to working with the team and developing our presence in the north east region.” 

Regional leadership

The transaction, which includes subsidiaries NCinsurance and NCstirling, is subject to regulatory approval.

As part of the deal, Philip Belgian will join Jensten as regional managing director for the north east.

Bringing a wealth of industry experience, Belgian has been at the helm of Northern Counties for over 15 years and was a founding member of Broker Network. 

He said: “We’re delighted to be joining the Jensten Group.

”It’s an exciting next chapter for our team and our clients.

”Jensten’s culture and commitment to excellence align perfectly with our own values and being part of the group will give us the scale and resources to deliver even more for our customers while maintaining the personal service we’re known for.”