Mazars M&A team is delighted to have acted as corporate finance adviser to SeaChange Ltd on its sale to NFP. NFP is a leading insurance and benefits broker and the transaction marks a key step in the Group’s ongoing international expansion.
Established in Naas in 2005 by Ger Cummins, SeaChange delivers sustainable safety management solutions to its clients, empowering businesses to fully engage their workforce and become leaders in health and safety best practices. SeaChange employs 25 people and partners with their 300 clients across Ireland, Europe and the United States.
Dr Paul Cummins, CEO of SeaChange, said: “Joining NFP represents a new era for SeaChange and a very proud moment for our business and family. NFP has a very successful business in Ireland, and we believe this next step will offer NFP and SeaChange clients a wider breadth of corporate services to help manage risk and support a more competitive insurance offering. I look forward to leading our company on the next chapter of its business journey. We would to thank the Mazars team, led by John Bowe and Damian Connaughton for their commitment and strategic guidance throughout the entire process, which helped bring this deal to a successful conclusion.”
John Bowe, lead partner on our Deals – M&A team, said “this transaction is a fantastic result for the Cummins family and the SeaChange team now led by Dr Paul Cummins. Under NFP, we look forward to seeing SeaChange continue its excellent growth trajectory. Ger, Tempy and Paul have built a high-quality business, which is a clear leader in its bespoke market, helping with the vital task of preventing workforce incidents and enabling organisations to achieve a positive sustainable safety culture. Mazars were delighted to provide deal advisory services on this transaction and look forward to watching SeaChange continue to grow in the years ahead."