New Era, the heavy goods vehicle and motor trade insurance broker that joined JMG Group in March, has made its own acquisition to form a new specialist commercial motor division within the wider business.
The snapped up entity is Preston-based courierinsurance.co.uk, which will continue to operate from its existing location and trade under its current branding. Set up in 2012 and headed by director Simon Moores, the firm specialises in courier van insurance, public liability insurance, breakdown cover, and fleet insurance.
“We’re over the moon with this acquisition,” said New Era directors Ella Burgess and Nathan Pedley in a joint statement. “We were keen to join forces with a team in this specialist area of the insurance market in which we want to lead. We feel that bringing the company on board with us will give us a real advantage and make New Era a specialist in both the haulage and courier sectors.”
An excited Moores, meanwhile, called the deal “a perfect opportunity,” citing the camps’ mutual appetite to grow in this niche market and the benefits of being under the JMG Group umbrella.
“When we acquired New Era in March, we pledged to support its growth and help the team develop and flourish,” stated JMG Group chief executive Nick Houghton. “This is the first step in its ambitious plans in this thriving marketplace. Nathan and Ella already have a proven track record with New Era as does Simon with courierinsurance.co.uk, so I am looking forward to seeing what’s next for the team.”
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