Butterworth Spengler has announced that it has acquired Brunsdon Insurance for an undisclosed sum.
This is the first acquisition for the firm which recently joined JMG group in March 2021.
As part of the new deal, Brunsdon Insurance’s existing team of 17 will join the firm’s team of 30 employees, bringing a wealth of knowledge and experience to the business.
Brunsdon Insurance will also continue to work from its offices in Gloucester, and offer its services for corporate, SME and private clients, with access to wider services through Butterworth Spengler and the group.
Meanwhile, Neville Mills, who has been managing director at Brunsdon Insurance for the past six years following its MBO in 2015, will continue to lead the business.
Nick Houghton, CEO, JMG, said: “This is an excellent acquisition for Butterworth Spengler and for the group.
“It’s a textbook example of what we wanted to achieve when we established the JMG group – to find insurance broker businesses with the potential, and appetite, to grow. We expect this is the first of many acquisitions for companies within our group.”
John Lacey, managing director, Butterworth Spengler, added: “Becoming part of the JMG group has given us greater buying power, accelerated our growth and further strengthened our position in the marketplace.
“We expect the same success for Brunsdon Insurance as they come onboard. They are a quality broker and present an extremely attractive business proposition which will enhance our commercial insurance, professional risks, and specialist schemes business divisions.”