Hines Associates is delighted to announce that it advised the shareholders of BJP Holdings Limited (“BJP”) on its sale to JMG Group (“JMG”)
Established in 1997, BJP Insurance Brokers is based in Wokingham. The firm specialises in the building, construction, security, and agricultural machinery sectors and has its own specialist underwriting division – Focus. BJP places over £37m in GWP annually across its retail and underwriting divisions.
BJP managing director Andrew Brown will remain invested and at the helm of the business following the sale. He says that joining JMG Group will facilitate a smooth retirement for founding directors Barry McGoun and John Finch, whilst giving the team access to resource and capital to help support their growth plans.
Barry McGoun, Co-Founder of BJP commented:
“Andrew Brown and I selected Hines Associates because we felt they understood that money was not the only objective in this matter, but a safe home for the company and all our loyal staff. Throughout the process, they have exceeded expectations and helped us through this sale which at times has been both stressful and challenging. Their understanding of the process was brilliant and we would have no hesitation in recommending them to any prospective seller.”
Andrew Brown, Managing Director of BJP commented:
“After talking to many corporate advisers, we selected Hines Associates based on their knowledge of our business and their expertise in the UK insurance broking market. The advice and guidance we received along the way was critical to achieving a successful sale which delivered the right partner and transaction structure. I would have no hesitation in recommending Hines.”
Jack Stewart, Partner at Hines commented:
“BJP has a leading reputation in the building and construction insurance broking sector and has its own specialist wholesale MGA – Focus. For Barry and Andy, finding the right partner who could preserve BJP’s brand and culture while supporting the business on the next phase of its journey was important. In JMG they found the perfect partner and we wish them the very best for the next stage of their journey.”