Linked integration and organic growth key to JMG success, says CEO Houghton

Nick Houghton, CEO of JMG Group

Delivering on integration is “a bit of an obsession”, JMG Group CEO Nick Houghton told Insurance Age, as the broker posted rising Ebitda for 2022/23.

Earlier this month the firm reported a near doubling in Ebitda to £7.6m for the financial year 2022/23 with organic growth of 16% as turnover grew by 90% to £35.5m.

It had struck a series of deals in 2021/22 and followed this up with seven more buys last financial year at a cost of over £60m.

The JMG Group was formed in 2020, when Yorkshire-headquartered JM Glendinning underwent an MBO led by Houghton, pictured, with private equity backing from growth investor Synova.

Well integrated

According to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: