Gallagher rebrands Innovu and buys Doyle Mahon in Ireland
Gallagher has bought Irish broker Doyle Mahon and revealed the Innovu deal is now fully integrated with the rebrand set to complete next Monday.
The consolidator expanded into Ireland with the purchase of Innovu in June and announced, a few days later, its plans to rebrand the commercial and personal lines company as Gallagher.
Founded in 2009 by Pat Doyle and Colm Mahon, Doyle Mahon is a commercial and agriculture insurance broker based in Ardcavan.
Ronan Foley, CEO of Gallagher in Ireland, said: “This is a great business with a well-established name in professional insurance broking built over the last 13 years. Its addition to Gallagher in Ireland recognises our continued expansion in the country and complements our overall national growth strategy.
“As the market continues to consolidate at pace, our ability to help smaller brokers grow and expand demonstrates why Gallagher is the partner of choice for brokers in Ireland.
Concluding: “We remain on the lookout for further acquisitions which are the right fit for Gallagher while also continuing to grow our business organically. Over the next few years, we will establish Gallagher as the go-to broker in Ireland.”
The terms of the transaction were not disclosed.
Acquisitions
Alongside moving into the Irish market Gallagher has struck a series of deals this year in the UK.
On 8 August, it added global risk consultancy AnotherDay to its portfolio.
In June the broker also snapped up Stockton-on-Tees based Erimus Group for an undisclosed sum.
Gallagher made its first deal of 2022 in February, with the purchase of motorcycle and motorhome specialist, Devitt Insurance Services.
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