GTCR's Strategic Acquisition of JMG Group Signals Growth

GTCR Partners with JMG Group for Significant Expansion

GTCR collaborates with CEO Nick Houghton and investor Synova to bolster JMG's position in the UK insurance market.

GTCR's Investment paves the Way for Expansion

GTCR, renowned for its strategic private equity investments, recently signed a pivotal agreement to enhance JMG Group, a respected UK insurance broker. In conjunction with Synova, a distinguished mid-market investor, GTCR reinforces its commitment to the insurance landscape, focusing on the dynamic UK market under the guidance of CEO Nick Houghton.

JMG Group’s Rapid Ascent in the Insurance Sector

Established in 2020, JMG Group has swiftly made a name for itself by delivering exceptional risk management solutions tailored to small and medium-sized enterprises as well as high-net-worth clients. With a strong presence across the UK, JMG has positioned itself among the top 30 UK brokers, facilitating over £350 million in gross written premium per year. This rapid growth can be attributed to its strategy of acquiring regional brokerages, allowing local offices to excel in organic growth.

A Legacy of Successful Partnerships in the Insurance Sphere

This partnership represents the latest chapter in GTCR's illustrious history of investing within the insurance space. The firm has previously laid foundations for brokerages such as Alliant Resources and AssuredPartners, along with engaging in significant investments in technology and data companies associated with the insurance sector. The collaboration with JMG Group signifies GTCR's ongoing dedication to supporting high-caliber platforms across the insurance continuum.

Empowering JMG for Continued Growth

Managing Director Aaron Cohen stated, "JMG exemplifies a business capable of achieving both growth through acquisitions and organic development, led by the stellar leadership of Nick Houghton and his team. At GTCR, we trust talented leaders to drive pivotal growth while maintaining the core values and culture integral to their success. We are thrilled to join JMG's journey, leveraging our extensive experience in insurance investments."

In a statement from Nick Houghton, the CEO of JMG Group, he shared, "Our client-first culture underpins our rapid growth and has established JMG as a prime destination for entrepreneurial brokerages across the UK. Joining forces with GTCR allows us to partner with a team that understands our vision, and we’re eager to harness their expertise for further growth and enhanced value for our clients."

GTCR’s Commitment to the UK Insurance Market

Michael Hollander, Managing Director at GTCR, expressed enthusiasm regarding the partnership, emphasizing GTCR’s established history within the UK insurance market. This investment underscores their expertise and commitment to supporting proven leaders and quality businesses. With the anticipated transaction closing in the third quarter of 2025, GTCR is positioned to aid JMG in accelerating growth in its specialized sector.

About GTCR

Founded in 1980, GTCR stands as a vanguard in private equity investments. The firm was instrumental in developing The Leaders Strategy™, which identifies and partners with exceptional management leaders to cultivate market-leading companies through strategic investments and organic growth initiatives. With over $30 billion invested across more than 280 companies, GTCR is focused on sectors such as Business and Consumer Services, Financial Services and Technology, and Healthcare.

About Synova and JMG Group

Synova is recognized as a premier growth investor in Europe, delivering remarkable returns in a diverse set of industries. With JMG Group, established from a management buyout, the company showcases ambition through plans for expansion paired with strategic acquisitions. Now with a team of over 750 professionals, JMG stands as a distinct leader in the insurance sector, reflecting quality service and customer-centric values.

Frequently Asked Questions

What is the significance of GTCR's investment in JMG Group?

GTCR’s investment in JMG Group aims to enhance its growth strategies in the UK insurance market, reinforcing the company’s market position under seasoned leadership.

Who are the key leaders in JMG Group following the investment?

Nick Houghton, the current CEO, continues to lead JMG Group with a focus on client-first initiatives and ambitious growth plans.

How does GTCR plan to support JMG Group?

GTCR will leverage its vast experience in the insurance sector to empower JMG’s management team and contribute strategic insights to enhance growth.

What growth strategy does JMG Group employ?

JMG Group emphasizes both organic growth and strategic acquisitions, allowing it to expand its reach and efficiency as a leading broker.

When is the expected closing of the transaction?

The transaction is anticipated to finalize in the third quarter of 2025, further solidifying GTCR's investment in JMG Group.

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