Chase says it wants to become the biggest SME and individual PMI specialist in the country and says it is keen to hear from other PMI specialists who are considering selling their companies – particularly those whose portfolios fit their goals.
With the addition of Jigsaw, the Groups portfolio is now in excess of £63m annual premium income.
“We have been watching the development of Jigsaw over the past few years with interest and when Christine Baines made it known that she might be interested in a sale, we acted quickly to add our name into the mix of potential buyers. Having fought off competition from other suitors, we are delighted to add a firm that has forged such a professional reputation to our stable.
Kevin Amphlett, CEO of Chase Templeton Group says: “This is another step forward towards our goal of becoming the largest Individual and SME PMI specialists in the UK.”
“We have an established platform for acquisitions and can act speedily to place a valuation and conclude a transaction at attractive multiples – especially in the current economic climate. Unlike other consolidators we are happy for the owners to exit the business, handing over the day to day management of the portfolio to our team of in-house consultants.”
Christine Baines, managing director of Jigsaw Healthcare, who established the firm in July 1981, says: “Deciding to sell the business was a huge decision for me. I was determined to protect my clients and appropriately reward my staff, so the choice of firm to sell to was important.”
