Bowmark-backed Aston Lark acquires Jobson James

Aston Lark acquired the company using its own unitranche debt facilities.

Aston Lark CEO Peter Blanc told Unquote: "Clients are looking for a broker that can offer a wider range of services, and Jobson James does that for us. We plan to continue to acquire four or five brokers per year in this very fragmented sector. We're working on two deals right now and we expect to have a runway for M&A for the next 10 years."

Blanc also told Unquote that Bowmark currently has no plans to exit the company.

The management team will stay in their roles following the transaction, and existing staff will also continue with the company. Aston Lark plans to expand its product offering using Jobson James's specialist knowledge of the rail, real estate and trade credit sectors.

Bowmark originally invested in Aston Scott in 2015, supporting a management buy-in team led by current CEO Peter Blanc. The firm drew the investment from its Bowmark Capital Partners V fund. In 2017, the firm supported a merger with Lark Group to create Aston Lark.

This transaction is Aston Lark's third in 2019 following the purchases of Robertson Low and Highworth Insurance.

Company
Jobson James was established in 2010 and has four locations in Birmingham, Dudley, Leominster and Kidderminster. The company employs 40 staff. It offers corporate insurance, private client insurance and employee benefits.

People
Aston Lark – Peter Blanc (CEO).
Jobson James – Martin James (director).

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• Bowmark Capital LLP
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