The Jensten Group has acquired J. Bennett & Son Insurance Brokers based in High Wycombe and its Oxford-based subsidiary, Mathews Comfort & Co, for an undisclosed sum. The deal is subject to regulatory approval.
The business primarily works with commercial clients locally and has a life sciences and biomedical field specialism, in addition to solutions for hot air balloon owners. Both businesses have a rich heritage of providing quality advice to their clients, with J. Bennett & Son established in 1908 and Mathews Comfort founded in 1851 – the two joining forces in 2017. The business employs 25 people across its two offices.
The deal, which brings £13m GWP to the Group, is the fourth announced by Jensten in as many weeks, having recently acquired Ravenhall, Origin UW and Coversure Nottingham.
‘An excellent acquisition for Jensten’
Alistair Hardie, Jensten Group CEO commented: “We are delighted to welcome J. Bennett & Son and Mathews Comfort to the Jensten family. This is a business with a significant history and a proven track record over many years of putting clients and staff first. Jensten is completely aligned on these values, making this an excellent acquisition.”
Peter Sutcliffe, J. Bennett & Son MD, explained: “As some of us are reaching retirement we wanted to sell to a business who would continue to prioritise our clients and staff and recognise the value of our heritage and specialisms. Throughout the process, Jensten demonstrated their focus on all the core things that matter to us, and so were the obvious choice as the business moves into its next phase.”
