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Jerroms has advised on the acquisition of Solihull’s Boston Insurance Brokers by JMG Group, which is seeking to expand its portfolio in the Midlands and boosting its specialist expertise in the construction sector and wider commercial insurance market.
Jerroms said Boston Insurance takes “a team of experienced professionals to JMG, along with deep-rooted relationships and insight into the construction industry in addition to an established book of commercial business”.
It added that Boston Insurance, established in 1994 by Gerry Boston and now headed by his son Rob, has built a “strong reputation” for client service and sector-specific knowledge.
The advisory process for the sale was led by Jerroms head of corporate finance Chasz Coulsting and senior associate Ross Davis.
The Yorkshire-headquartered JMG said the move reflects its continued commitment to extending its reach across the UK with robust regional firms.
Commenting on the acquisition, JMG CEO Nick Houghton, said: “Boston Insurance Brokers is a fantastic addition to the JMG family. Their specialist knowledge, particularly in construction, complements our existing capabilities and aligns with our strategy to grow through quality partnerships. We’re excited to welcome Rob and the team and look forward to supporting their continued success.”
Rob Boston, managing director of Boston Insurance Brokers, added: “Joining JMG Group marks an exciting new chapter for our business. Being part of JMG allows us to grow
and develop in a manner which was not previously possible whilst crucially retaining key
elements that made the Company successful in the first place, namely our company brand,
experienced staff and office location.
“We are proud of what we’ve built in Solihull and look forward to leveraging JMG’s resources and network to deliver even greater value and service to our clients. I would also like to thank Jerroms Corporate Finance, for their invaluable support and guidance throughout the acquisition. Their expertise made the process smooth and efficient from start to finish.”
