Jensten Group appoints new M&A director as it prepares to acquire more brokers

Insurance distribution business Jensten Group has appointed Matthew Gibson as its new mergers and acquisitions (M&A) director.

In a statement released today (2 October 2023), the firm said it had snapped up Gibson to lead its M&A strategy as it prepares to acquire more broking businesses.

The firm revealed that it wanted to make more deals to bolster its regional and specialist centres of excellence.

Gibson, who has 20 years’ experience in the broking sector and in senior finance and M&A roles, said he was “delighted to be joining a dynamic team”.

“Jensten has a strong track record of successful acquisitions and an ambitious strategy for future growth,” he added.

“I look forward to working with the existing team as we enter this next phase of acquisitive growth.”

Experience

Gibson was most recently the M&A director at Ardonagh Group, where he has worked since 2017.

During his time at the firm, he was also the acquisitions manager for Bravo Group and Ethos Group, which forms part of the SME broking platform that Ardonagh Advisory is comprised of.

Ed Hannan, Jensten’s chief financial officer, said Gibson was the “ideal person” to become its new M&A director.

“We are delighted to welcome Matthew to Jensten to lead our M&A strategy,” he added.

“His experience in the industry, approach to the acquisition process and proven track record of delivering deals make him the ideal person to take on this strategically important role.”

Other deals

Jensten has made several acquisitions this year, including that of Simpson and Parsons on 4 July 2023 and Darwin Clayton the month prior (7 June 2023).

It also established a southern regional presence by acquiring three Coversure offices.

Most recently (12 September 2023), it acquired One Broker Group, which provides services for commercial and personal clients across East Anglia and specialises in business, property and haulage lines.

“There are many opportunities to acquire great businesses,” Hannan said.

“Matthew’s appointment is a sign of our confidence in the strength of our proposition to brokers and our ability to continue achieving deal success.”