Arachas to acquire Hooper Dolan Insurances.

Arachas, a firm engaged in holding or owning securities of companies other than banks, agreed to acquire Hooper Dolan Insurances, a provider of insurance and broking services. Financial terms were not disclosed. "Arachas believes in investing in great businesses by giving their management teams the support needed to grow and thrive in an increasingly complex marketplace. Above all we believe in working in collaboration to meet the changing needs of Irish insurance consumers; giving employees a secure and exciting career path; and giving back to the wider community that we all belong to," Conor Brennan, Arachas CEO.