.
MergerLinks Header Logo

New Deal


Announced

Completed

Innovu-backed Sheridan Insurances completed the acquisition of Wexford Insurances.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Friendly

Domestic

Single Bidder

Diversified Financials

Ireland

Acquisition

Private

Completed

Private Equity

insurance

Synopsis

Edit

Innovu-backed Sheridan Insurances, an insurance broker focused on corporate, SME and personal customers,completed the acquisition of Wexford Insurances, an insurance brokerage based in Wexford. Financial terms were not disclosed. This deal marks the second acquisition in a period of planned expansion for Innovu following the acquisition of Sheridan Insurances supported by private equity provider MML Growth Capital Partners Ireland earlier this year. “We are very pleased to have concluded this deal with Wexford Insurances. It is an important strategic step for us as we continue to grow our insurance presence in Ireland. Wexford Insurances is a fantastic business and we like their focus on niche commercial lines successfully developed by Ken and the team over the years. It will play an important role within the Group as we focus on building scale through organic and acquisition led expansion," Ronan Foley, Innovu Group CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US