Mazars’ corporate finance team, led by partner John Bowe and supported by Daniel Gallery and Megan Duffy, advised shareholders and the management team of National Insurance on the transaction.
National Insurance are a family run business headquartered in Tullow, Co Carlow and with offices in Dublin, provide a variety of insurance products ranging from car and home insurance to commercial property and motor trade insurance.
Campion Insurance Brokers, formed in 1984 by Jim Campion, grew into one of Ireland’s largest brokers before being acquired in 2021 by the PIB Group. Campion Insurance is now PIB’s lead brand in the Irish market. Launched in 2015, PIB has grown rapidly through acquisitions and by employing outstanding individuals with a wealth of knowledge and experience in the insurance market.
Ken Dunne of National Insurance, commentated “The acquisition of National Insurance by PIB Group is great news for our clients and team. It provides our customers with greater scale and a scope of services which is very exciting. We are delighted to now be part of the Group and look forward to working with Jim and Campion Insurance to drive further growth of the Campion business.”
Assured Partners, one of the world's largest independently owned insurance brokers, has announced that it has agreed to acquire the Dundalk-based O’Callaghan Insurances(“OCI”) business. The transaction is expected to be completed on 1 December 2022.
Mazars was delighted to have supported PARI on their recent acquisition of Nortev, providing transaction support services and tax due diligence on the deal.
M&A specialist John Bowe speaks to Irish Times journalist Edel Corrigan for a recent special report on mergers and acquisitions in the Irish market and what experts expect for the second half of 2023.
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