Mazars Deals M&A and Tax teams are delighted to have acted as corporate finance advisers to Keaney Insurance Brokers Ltd. on its sale to Gallagher.
Founded in 1993 by Terry Keaney, Keaney is a Dublin-based commercial insurance broker that has been supporting businesses across Ireland with insurance and risk management solutions.
Gallagher employs over 275 risk professionals in Ireland, with offices in Dublin, Limerick, Kilkenny, Wexford, Kerry and Tipperary. This acquisition adds further scale and quality to the growing Gallagher operation in Ireland.
Terry Keaney commented, “After 30 successful years, we are delighted to become part of Gallagher and we believe we have found the ideal partner to take the business forward.
“This is an excellent opportunity for our clients to partner with one the leading insurance brokerages in the world; they will benefit from Gallagher’s scale, expertise and purchasing power, which will be of enormous value. In addition, our staff will benefit from the increased opportunities of being part of a large, global firm with impressive growth aspirations.”
Ronan Foley, CEO of Gallagher in Ireland, added: “I’m delighted to welcome Keaney Insurance Brokers to Gallagher. I have known the business for a number of years and have always admired their professionalism, expertise and the way they take time to really understand their clients’ needs and the risks they face. The acquisition will increase our presence in Dublin following our acquisition of First Ireland earlier this year and add to our expertise nationally.”
John Bowe, lead partner on our Deals – M&A team, said “This transaction is a fantastic result for Terry, Zita and the wider Keaney team. We look forward to seeing Keaney continue to deliver market-leading insurance solutions as part of Gallagher. Terry has built a unique business over the past three decades, with a focus on providing a top-quality commercial brokerage service to a wide variety of clients. This transaction is a testament to the success of the business, and Mazars was delighted to provide deal advisory services to the shareholders.”