The Broker Investment Group secures a significant strategic stake in Jenkinson Insurance and Penk Insurance

The Broker Investment Group secures a significant strategic stake in Jenkinson Insurance and Penk Insurance

The Broker Investment Group has taken a 49% stake in both Jenkinson Insurance based in Rotherham and Penk Insurance located in Chesterfield. Both businesses are owned by the Jenkinson family and total GWP is in excess of £15m.

Trading for 35 years, this is a true family-owned business with 4 Directors at the helm – husband and wife Martin and Mandy Jenkinson, alongside son and daughter Tom and Helen.

Both businesses are commercial insurance brokers with 27 staff across the 2 branches, with all people and premises remaining and both brands continuing to trade as they do today.

The Broker Investment Group (TBIG) are on track for their target of £250m GWP by the end of 2024.

Martin Jenkinson, Managing Director of Jenkinson Insurance, comments:

“This is a proud family business and we have grown to a credible size by hard work and dedication to both our clients and our people.

The Broker Investment Group are the natural partner for us. I had heard first hand some great things about them and I’m really confident that we will work well together as we continue to grow and develop the business.

Our success has been based upon the hard work of our staff who have in the main, been with us for a very long time.

It was important to us that the identity and values of the company continued into the future, reflecting our staff’s commitment.

This is a chance to release some equity whilst remaining in control. We look forward to a hugely fruitful partnership.”

Martin Jenkinson, MD, Jenkinson Insurance

Andy Roden, CEO – Retail at The Broker Investment Group, comments:

“This is a significant strategic investment, and I can’t tell you how pleased we are to have both teams as part of our family. Having worked closely with Martin and his team over the past few weeks, I am extremely confident that we can add real value and further increase the growth momentum.”

Andy Roden – CEO, Retail – The Broker Investment Group