Leeds-based JMG Group has invested in its 40th business in four years since its launch. Its latest deal sees the business acquire Confidential Solutions Group, based in London.
This acquisition brings MGA (Platinum Underwriting), Lloyd’s broker (Leadenhall Insurance Brokers), and retail broker (Confidential Solutions Ltd) into the JMG Group family. Founded by managing director Kevin Carrabine, the companies have collectively grown to become a £8m GWP group since Confidential Solutions was launched in 2002. The deal sees Kevin and 13 colleagues join JMG Group.
Kevin Carrabine says: “I’m incredibly proud of what we’ve achieved, growing from a small business based in North London to become the business as we stand today. There is a lot of consolidation in the marketplace and being part of a bigger group feels like the right next step for our businesses and for our team.
“JMG’s vision for growth, combined with its commitment to supporting specialist businesses like ours, made this a natural move. We’re excited about the future and the opportunities this brings for our team, the JMG Group as a whole and for our clients.”
Nick Houghton, CEO of JMG Group, says: “Reaching 40 investments since our management buyout in 2020 is a real milestone for us. It’s also a terrific opportunity for Kevin and his first-class team to continue the growth of all three businesses with the support of their new colleagues, as well as adding real value to JMG Group clients via the Lloyd’s and MGA expertise.”
