JMG Group has today announced its acquisition of the County Durham-based insurance broker Premier Insurance. In a Press release, JMG Group noted that the move paves the way for the next chapter of growth at the firm.
Founded in 2001, Premier employs nine people at its base in Consett, serving the personal and commercial insurance needs of clients across the UK.
Founder and managing director Gary Milburn will remain in post to take the business forward as part of the JMG Group. Commenting on the deal, he said it will offer the firm a strong platform for growth and that customers can expect ‘business as usual’.
“Part of the appeal of joining JMG was their commitment to growing the business,” he said. “Becoming part of the group secures the future of the business for the whole team. Rather than being absorbed into a call centre or moved elsewhere, the team will stay exactly as it is, with me at the helm, with the added buying power and administrative support that comes with being part of a larger organisation. This will free up time in house which our team can use to focus on the continued growth of the firm.”
JMG Group CEO Nick Houghton also commented on the deal and said he is very pleased to welcome Milburn and his team to the group.
“Gary has built an established, stable, and incredibly successful business and we see significant opportunities for it to continue to thrive,” he said, “as well as expanding into new product areas with the backing of the wider group.”
JMG Group was formed in 2020, when Nick Houghton and the existing management team completed an MBO from the Glendinning family, backed by Synova, a UK-based private equity firm.
