AnaCap Financial Partners has announced that its portfolio company, MRH Trowe (MRHT) – a leading owner managed commercial lines insurance broker in Germany, has successfully completed three bolt-on acquisitions in quick succession, building upon its strong momentum in building the leading German insurance broking consolidation platform.
The latest acquisitions underpin the strategic roadmap aimed at expanding capabilities in specialist products and strengthening the MRHT’s competencies in strategically important areas.
Moreover, in line with MRHT’s historical mergers & acquisitions (M&A) approach, owners of the businesses acquired will still remain fully involved and responsible for their operational activities.
WRV GmbH, based in Scheden in lower Saxony, is a specialist insurance broker that serves clients in the construction trade sector. Its acquisition will enable MRHT to set its footprint in Lower Saxony while also complementing its existing speciality capabilities for architects and engineers.
Furthermore, Lech Assekuranz Versicherungsmakler GmbH, is a medium-sized insurance broker located in Augsburg, the third largest city of Bavaria. The broker focuses on the property management and real estate sectors with a wide range of insurance solutions. With its acquisition, it will play a big role in expanding MRHT’s presence in Bavaria and strengthening its expertise in holistically serving the real estate industry.
In addition to these two acquisitions, MRHT has also increased its equity stake in H+W Financial Solutions Group GmbH (“H+W”), thereby becoming the majority shareholder in the Company which has been part of the Group since 2012.
Based in Kronach in Upper Franconia, H+W offers benefit and pension products to private clients via a network of independent distributors.
The deal is expected to unlock further cross-sell opportunities and help MRHT better support affluent clients.
“Following these acquisitions, we have once again been able to strengthen our team with highly talented sector specialist experts,” said Ralph Rockel, Co-Founder and Managing Partner at MRH Trowe.
“Our goal is to continue to bring together the best experts in specialist areas of insurance to design and offer best-in-class holistic service to our clients. This is only possible with the right people in place, and I am therefore very pleased that we have been able to attract companies and talent of this nature to the Group.”
Meanwhile, in December 2021, MRHT acquired Olfen-based specialty broker, Helmig & Partner.
