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Announced

PSC Insurance Group acquired Griffiths Goodall Insurance Brokers for A$48m.

Financials

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Transaction Value£26m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Insurance Brokers

Acquisition

insurance agents and brokers

Private

Australia

Synopsis

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PSC Insurance Group, an insurance agent and broker, acquired Griffiths Goodall Insurance Brokers, a Shepparton based insurance broker, for A$48m ($34m). “We are delighted to welcome the Griffiths Goodall team to the PSC Group. The current owners have built a very good client centric business with a great broking team, and this will significantly increase our regional presence in Victoria. We look forward to growing the business with the existing team and working closely with them to provide the continued high levels of service to the clients of Griffiths Goodall” commented Rohan Stewart, Group CEO of PSI.

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