Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd.
Financial terms of the deal were not disclosed.
Based in Dublin, McMahon Galvin was founded in 1970 and has built a reputation for providing home and car insurance to individuals, along with offering a full range of insurance services to businesses.
Led by the management team of Peter Hanlon and John Galvin, the business strives to look after clients first and foremost, delivering a highly personalized level of service, said Aston Lark in a statement.
“From our initial meeting with the McMahon Galvin team, we were continually impressed with their client-centric approach which sits perfectly with the ethos of Aston Lark,” commented Robert Kennedy, CEO of Aston Lark Ireland.
“With a loyal customer base and strong relationships with a broad range of insurers, it didn’t take us long to recognize the strength and brand presence that they have built over many decades, making them an excellent addition,” he added.
This is the fourth acquisition made by Aston Lark Ireland in 2021, following on from the three acquisitions already made this spring: North County Brokers, O’Loughlin Insurance Group and Brady Burns & Associates.
London-based Aston Lark Ltd. was formed in 2018 as a result of the merger of Aston Scott and Lark Group, aiming to join forces with other like-minded insurance businesses across the UK and Ireland. In 2019, as part of a growth and expansion strategy into the Irish market and backed by Goldman Sachs, Aston Lark Ltd. acquired two Irish brokers, Robertson Low and Wright Insurance Brokers. In May 2021, the businesses merged to become Aston Lark Ireland.
Source: Aston Lark Ireland
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