JMG spend on deals surges to new high in year before PE investment
JMG Group spent £89.62m on buying in 2024/25, the financial year ahead of private equity firm GTCR investing alongside existing backer PE house Synova and the broker’s leadership team.
The Leeds-headquartered consolidator bought 18 businesses across 15 transactions (see box) in the year ended 31 March 2025.
JMG deal dates and stakes10 April 2024, Surrey Independent Advisers (100%)12 April 2024, BQI Group (80%), including BQI Protection and Abbott Associates3 May 2024, Hamilton Robertson Holdings (75%), including Hamilton Robertson Insurance Brokers30 May 2024, Executive Insurance Services (95%)30 May 2024, Gleaming Risk Services (100%)28 June 2024, Howe Maxted (GI) (100%)10Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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