JMG Group Expands with Strategic Acquisitions in the UK
Deal News | Apr 23, 2025 | B Daily
Insurance broker JMG Group, based in Yorkshire, has expanded its footprint in the UK market through three strategic acquisitions. Through its subsidiaries, the firm has acquired W K Insurance (via GS Group), UKI Direct (through Greenwood Moreland), and TSE Solutions Ltd (by Lighthouse Risk Services). The moves are part of the company's strategy to combine local autonomy with group-wide support, empowering the acquired firms with added infrastructure and financial backing. The acquisitions are intended to enhance client services while allowing each company to continue growing independently in alignment with their values and objectives. Nick Houghton, CEO of JMG Group, expressed the importance of these transactions in solidifying the group's market status and facilitating future growth through operational support.
Sectors
- Insurance
- Financial Services
Geography
- United Kingdom – The geographic focus is on the UK, where JMG Group and its acquired entities are based and operate, thus influencing the regional insurance sector.
- Scotland – Scotland is specifically mentioned with the acquisition of the long-established Scottish broker, W K Insurance, by JMG Group's subsidiary GS Group.
Industry
- Insurance – The insurance industry is relevant as the primary business of JMG Group and the companies it acquired all operate within the insurance brokerage and risk management sectors.
- Financial Services – Financial services encompass insurance, as JMG Group provides insurance brokerage and related financial support to its subsidiaries for growth and operational efficiency.
Financials
- 2.5 million – Gross Written Premium (GWP) added through Greenwood Moreland's investment in UKI Direct.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| JMG Group | Buyer Company | Company | A Yorkshire-based insurance broker expanding its presence via acquisitions. |
| GS Group | Subsidiary | Company | A subsidiary of JMG Group that acquired W K Insurance. |
| Greenwood Moreland | Subsidiary | Company | A subsidiary of JMG Group that invested in York-based UKI Direct. |
| Lighthouse Risk Services | Subsidiary | Company | A subsidiary of JMG Group that integrated TSE Solutions Ltd. |
| W K Insurance | Target Company | Company | A long-established Scottish insurance broker acquired by GS Group. |
| UKI Direct | Target Company | Company | A York-based company acquired by Greenwood Moreland, adding 2.5 million in GWP. |
| TSE Solutions Ltd | Target Company | Company | A Leeds-based risk management specialist integrated by Lighthouse Risk Services. |
| Nick Houghton | CEO of JMG Group | Person | Chief executive of JMG Group, responsible for overseeing the company’s strategy and growth through acquisitions. |