GTCR partners with Synova to accelerate JMG's expansion across UK insurance market

GTCR to acquire Leeds-based broker JMG Group - Business Link Magazine

Private equity firm GTCR has agreed to acquire JMG Group, a rapidly growing UK-based insurance brokerage, in partnership with existing backer Synova LLP. The transaction is expected to close in Q3 2025. JMG, headquartered in Leeds, primarily provides insurance and risk management services to SMEs and high-net-worth individuals. Since its launch in 2020, the firm […]

GTCR partners with Synova to accelerate JMG's expansion across UK insurance market

Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headquartered in Leeds, UK, and founded in 2020 through a partnership between CEO Nick Houghton and Chairman Tim Johnson, JMG provides comprehensive risk management solutions to small and medium-sized enterp…