The County Group (County), which is part of Global Risk Partners (GRP), has today announced its acquisition of 100% of the share capital of CJN Insurance Services Ltd (CJN). The purchase of Tenbury Wells-based CJN has received regulatory approval and will see its team of seven, including directors Peter and Stephen Short, move across to County following completion, while remaining in the Tenbury Wells office.
CJN has been writing personal and commercial lines insurance for over 60 years, and Alastair Christopherson, the MD of County noted that the business’s directors have focused on a relationship-led business, which is showcased by their customer retention rate and new business focus.
“I am delighted that we have completed our transaction with CJN, which is an excellent business, based in our regional ‘heartland’,” Christopherson said. “We have been in discussion with the vendors for some time and through this period we have watched the business continue to succeed in what have been challenging times.”
Meanwhile, Peter Short noted that picking the right home for the continued development of the business was an important consideration for himself and Stephen Short and that they had watched County develop its successful model through the acquisition of great community local brokers. With the power of GRP behind them, he said, County has a compelling proposition, and they found it too good to turn down.
Commenting on the acquisition, Mike Bruce, group CEO at GRP, said: “County Group continue to go from strength to strength, building their portfolio of businesses as our North West hub. I extend a warm welcome to the CJN team and look forward to the business thriving under new ownership.”
County has also noted that it has a number of deals in due diligence and expects to add to its existing business portfolio soon.