JMG Group has snapped up Southampton-based broker GR Marshall, which was set up in 1974 and focuses on the property, motor trade and personal insurance market. The broker and its five staff will continue to trade as GR Marshall following the deal.

Robert Tipp, managing director at GR Marshall, said: “This sale is the next step in building on the success we have achieved and, with the expertise and backing from the JMG Group, will allow us to take the business even further.

“I’m currently wearing six or seven hats at any one time and, whilst they are all essential parts of running a successful insurance broker business, I want to engage even more with clients, which is what this move will allow me to do.”

Nick Houghton (pictured), CEO of JMG Group, added: “The group will help GR Marshall with some of the ‘heavy lifting’ elements involved in the day-to-day running, yet allow Robert and his team the autonomy to steer the business as they best know-how.

“Having GR Marshall on board gives us additional expertise to share across the group and a stronger foothold in the South of England.”

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