Aston Lark, the chartered insurance broker backed by Goldman Sachs, has announced that it intends to acquire Irish insurance brokerage, O’Loughlin Insurance Group.
Based in Swords in County Dublin, the O’Loughlin Insurance Group was founded in 1984 by David O’Loughlin and focuses on both personal and commercial lines insurance.
“O’Loughlin Insurance Group will be a great addition to Aston Lark in Ireland, bringing expertise in a number of niche areas across personal and commercial insurance,” said Robert Kennedy, Aston Lark Ireland CEO.
“Following on from the recent acquisition of North County Brokers, this is another step in an exciting journey for Aston Lark in Ireland. With further deal announcements imminent, we are on track to realise our ambition of becoming Ireland’s leading independent insurance broker.”
Commenting on the acquisition, Peter Blanc, Aston Lark Group CEO, added: “The Aston Lark management team are delighted to see Rob and his team secure another excellent acquisition. We’re fast becoming the acquirer of choice in the Irish market and I know Rob is very keen to continue finding like-minded brokers to join the group.”
Paul O’Loughlin, Managing Director of O’Loughlin Insurance Group, further stated: “Following consultations in a very active mergers and acquisitions market, we are delighted to have chosen the Aston Lark Group for the future of the business.”
“We are excited about their vision for developing the insurance broker business in Ireland and locally, and the opportunities it will provide for our staff and customers. It’s a competitive market and we are pleased that Aston Lark values the local broker and the service we provide to our loyal customers. We are very excited about the future as part of the Aston Lark Group.”
