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

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.