’There remains a clear opportunity for us to further expand the group through strategic acquisitions in 2025,’ says chief executive
JMG Group has revealed it is in “advanced negotiations” with several organisations as it looks to make more acquisitions in 2025.
The broker has made over 40 acquisitions since 2020, when the group was formed after JM Glendinning underwent a management buyout.
More than 20 over those deals were announced in 2024 – JMG Group is anticipating announcing more transactions over the coming months.
JMG Group chief executive Nick Houghton said: “For the past four years, we have been supplementing our strong organic growth through a series of targeted and complementary acquisitions.
“However, there remains a clear opportunity for us to further expand the group through strategic acquisitions in 2025 and we are forging ahead with our plans to do so.
“This is enabled by our position in the market as a high quality, nationwide, mid-tier broking platform.”
Adviser
Law firm Gordons advised JMG Group on all of its acquisitions in England last year and has been retained to support on any new deals in 2025.
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Gordons corporate partner Duncan Firman, who leads the firm’s relationship with JMG Group, said: “We have developed a real partnership with JMG Group where we work seamlessly with their inhouse M&A, HR and regulatory teams.
“Working together, we have honed a bespoke approach to acquisitions that enable us to effectively support the JMG Group on multiple deals simultaneously.
JMG Group has the strong track record, appetite and backing to further transform the UK insurance intermediary market. We look forward to continuing to play our role in making their vision a reality.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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