Jensten has acquired Robert Gerrard & Co, as part of a move to expand its schemes and affinities business.
Robert Gerrard & Co is a Chingford area broker specialising in the lift and escalator industry. The firm has carved a niche with its Lift Plan product, offering bespoke policies designed to cater to the unique requirements of the sector.
Beyond its focus on lifts and escalators, Robert Gerrard & Co also extends its services to commercial clients across various sectors and offers selected personal lines products.
The acquisition by Jensten will introduce a team of 19 professionals to the business. It will also include the Robert Gerrard office located in Chingford.
Following the integration, Carla Preston will remain in her role as managing director of Robert Gerrard & Co. She will report to Simon Henderson, Jensten managing director – schemes and affinities.
Preston commented on the acquisition and said they sought a deal that “recognised the value of our specialties, staff, and expertise.
“Jensten was the perfect fit for us, offering the support and resources necessary for our continued growth,” she said. “We are excited for the future and the prospects that this partnership will deliver, for our team, for our clients and for Jensten.”
Henderson also commented on the transaction, expressing his excitement about “the addition of yet another high-quality business to the Jensten family.”
“By partnering with expert brokers like Robert Gerrard & Co, we enhance our capacity to offer market-leading propositions to a diverse range of clients with niche requirements,” he said. “We look forward to integrating Carla and the team into the Jensten family and seeing the business flourish with the support of the wider Jensten group.”
Jensten’s swoop for Robert Gerrard comes amidst a broader strategy to bolster its market presence. Some of the company’s recent deals include the acquisition of Melville Burbage and Henry Seymour & Co. It has also announced a £170 million investment in new funding facilities.
“The success we've seen in the first part of 2024 demonstrates the value of the proposition and platform Jensten has meticulously built over the last three years, bringing us significantly closer to reaching £1 billion in premium within our group,” said chief executive Alistair Hardie (pictured).
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