Announced
Completed
Financials
Tags
Domestic
Completed
Ireland
Private
insurance brokerage
Insurance Brokers
Acquisition
Majority
Friendly
Single Bidder
Private Equity
Synopsis
Melior Equity Partners-backed BHP Insurance, an independent Irish brokerage specialising in the not-for-profit sector, completed the acquisition of Keegan Meredith & Williams Insurances, a commercial insurance brokerage based in Sandyford, Dublin. Financial terms were not disclosed. "This strategic step is great news for both our customers and employees. It will allow our broker group to enhance the already high level of customer service we deliver while also expanding the range of products and services we can offer. It will also enrich career opportunities for our employees. We are particularly pleased to have received investment from Melior Equity Partners – a local, Irish private equity firm managed by a team that has an in-depth understanding of the insurance broking sector having previously led a successful investment in the AA Ireland," Martina Westphal, BHP Insurance Managing Director.
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