It’s only January, but PIB Group (PIB) is already on an acquisition spree, most recently announcing the acquisition of Ireland-based Campion Insurance (Campion) and Oliver Murphy Insurance Brokers (Oliver Murphy) following regulatory approval.
Campion is one of the country’s largest insurance brokers, known as a trusted advisor with specialist sector knowledge across three lines of business for commercial insurance, personal insurance, and life and pensions.
Meanwhile, Oliver Murphy is a well-respected regional personal and commercial lines insurance broker offering an extensive range of insurance solutions and services across commercial, personal lines, and financial planning advice.
PIB expects the acquisitions to boost its existing footprint, currently represented through Optis Insurance and Creane & Creane Insurance.
PIB Group CEO Brendan McManus commented: “What a great way to start the new year by giving an official warm welcome to everyone at Campion Insurance and at Oliver Murphy to our PIB Group family. They join us in Ireland at the start of another exciting year at PIB.”
Read more: PIB Group welcomes first deal of 2022
The two deals were already announced in 2021 as part of PIB’s continued international expansion strategy, with Ireland as a major territory for investment.
They follow PIB’s fourth retail acquisition in Ireland: Alan Tierney & Partners Ltd (Tierneys), a Dublin-headquartered retail commercial insurance broker and financial planning firm established by Alan Tierney in 1979. It specialises in the hospitality and leisure markets, particularly the pub sector.
Commenting on the acquisitions, McManus said: “In 2021, we saw growth across Europe including Denmark, the Netherlands, Germany, Poland, and Spain. For 2022, we can look forward to keeping up the momentum with our acquisitive growth while also remaining focused on growing organic business and looking after our clients.”
