JMG expands with acquisition of established family-run broker

JMG Group-owned JM Glendinning has acquired C P Bennet as part of plans to grow in north Yorkshire.

Bridlington-based C P Bennet was founded by Charles Percy Bennet in 1929 and specialises in both commercial and personal lines.

The acquisition comes a few months after JM Glendinning’s north Yorkshire arm moved to a larger premises in Wykeham, Scarborough, to accommodate future growth.

Alison Piercy, JM Glendinning’s managing director for north Yorkshire, said: “We’ve been looking for that perfect addition to our business – one which shares our own operational and cultural values and one we feel delivers quality customer support.

“I believe C P Bennet is a great fit and matches who we are and what we do and I’m excited to bring them onboard.”

Succession

C P Bennet managing director Simon Benson will move to JM Glendinning’s office in Scarborough as part of the deal.

Benson joined the business in 1986 to work for his father Albert Benson, who joined C P Bennet in 1970 and was a director until 2013.

“This sale is part of our succession plan, to allow for a seamless transition in the future and continuity for employees and clients,” Benson said.

“It will also enable us to continue the growth of what my dad and our team have built over the years. While growing rapidly, both organically and through acquisitions, the JMG Group still retains its family-run feel and its client-first ethos.

“I’m looking forward to being part of the group and seizing the opportunities that are ahead of us.”