Commercial £4m GWP broker acquired after 19 years

JPM Group, trading as Beam Insurance Solutions, has acquired KDH Insurance Brokers.

Based in Bridgnorth, KDH specialises in commercial insurance and has been trading for the last 19 years.

It controls £4m in gross written premium (GWP), with the deal taking Beam’s GWP total to £20m.

As part of the deal, all six staff at KDH will remain with the business and in the same premises.

Steve Faulkner, managing director at Beam, said: “We are delighted to have acquired KDH and warmly welcome both its staff and clients to the Beam family.

“Strategically located just 15 miles from our headquarters, this acquisition further strengthens our presence in the Midlands.

“Our proposition to new and potential acquisitions is straight forward. We have no plans to change the brand, branch locations or the staff – simply to use the combined increased buying power and insurer capacity to deliver better insurance solutions to our clients.”

Investment

Since The Broker Investment Group (TBIG) took a majority shareholding in Beam in August 2024, the business has made several acquisitions, including that of Andrew Phillips Insurance Brokers and Julie Price and Co.

TBIG is supporting Beam as a Midlands “regional powerhouse”, with a £22m+ GWP target by the end of 2025.

Dave Clapp, chief executive at TBIG, said: “KDH is a fantastic people-focused business with an excellent client base. Congratulations to Beam for successfully brokering and executing this deal.

“This acquisition strengthens Beam’s presence in the Midlands and, in turn, expands the TBIG footprint as they continue to grow their GWP through both organic growth and acquisitions.

“I see no reason why Beam can’t reach £25m GWP by 2027 and continue their stellar growth in the Midlands and surrounding areas.”