London-based insurance broker Aston Lark has acquired Jobson James Insurance Brokers and its specialist employee benefits practice Jobson James Consulting.
However, the financial details of the transaction have not been disclosed.
The transaction marks the third takeover this year. It follows the acquisition of Highworth Insurance in March and Irish broker Robertson Low in January.
Jobson James, founded in 2010, manages four branches in Birmingham, Dudley, Leominster and Kidderminster.
According to the terms of the deal, Jobson James’ employees, managing director Martin James and five directors will join Aston Lark.
The acquired business specially serves the real estate, rail and trade credit sectors, in addition to high net worth individuals.
Aston Lark CEO Peter Blanc said: “The foundations of our business are based on caring for our clients and providing appropriate advice and guidance on insurance and employee benefits solutions.
“… we can work with another like-minded broker to widen our product range and technical knowledge within Aston Lark, all while supporting their own growth plans and giving them access to our own specialities to benefit clients in the Midlands.”
James said: “Aston Lark was a compelling choice as the new home for the Jobson James team.
“It is clear that they completely understand what being an independent broker is all about – we speak the same language and share the same focus of always doing the very best we can for all our clients.
“The whole acquisition process has been handled with great professionalism and care and we now look forward to supporting the continued growth ambitions of the Aston Lark group.”
Aston Lark was formed in July 2018, when two of the UK’s largest, independent insurance brokers Aston Scott Group and Lark Group came together.