Worcs insurance business sells to major insurance intermediary

Published by

Nicky Godding

Tenbury Wells-based CJN Insurance Services Ltd (CJN) has been sold to The County Group, part of major insurance intermediary Global Risk Partners (GRP).

Thursfields Solicitors advised owners Peter and Stephen Short on the sale.

The purchase of CJN, for an undisclosed sum, has received regulatory approval and will see its team of seven, including Peter and Stephen Short, move across to County following completion, while remaining in the Tenbury Wells office.

Partner Gareth Burge, head of Thursfields Solicitors' corporate team, said: “We were very pleased to be asked to advise Peter and Stephen Short on the sale of CJN which has been writing personal and commercial insurance for over 60 years.

“This was the most recent in a growing number of M&A deals we have advised on involving FCA-regulated businesses.”

Peter Short said: “It was a question of picking the right home for the continued development of the businesses and Stephen and I had watched County develop its successful model through the acquisition of successful local brokers.

“With the power of GRP behind them, County has a compelling proposition and the offer was too good to turn down.”

County Group were advised in-house and by South East law firm DMH Stallard.

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.