Gallagher has announced that it has acquired Doyle Mahon Insurances, further augmenting its presence in Ireland.
The news follows Gallagher’s acquisition of Innovu in June this year, which it has now fully integrated and is being rebranded to Gallagher on November 7th, 2022, marking the firm’s first direct presence in Ireland.
Ronan Foley, CEO of Gallagher in Ireland, commented, “I’m delighted the team at Doyle Mahon Insurances is joining Gallagher. This is a great business with a well-established name in professional insurance broking built over the last 13 years.
“Its addition to Gallagher in Ireland recognises our continued expansion in the country and complements our overall national growth strategy.
“As the market continues to consolidate at pace, our ability to help smaller brokers grow and expand demonstrates why Gallagher is the partner of choice for brokers in Ireland. We remain on the lookout for further acquisitions which are the right fit for Gallagher while also continuing to grow our business organically. Over the next few years, we will establish Gallagher as the go-to broker in Ireland.”
Doyle Mahon was founded in 2009 by Pat Doyle & Colm Mahon, and is a commercial and agriculture insurance broker based in Ardcavan.
The company states that clients will continue to have the same day-to-day contacts, for their individual business and insurance requirements, and will benefit from access to a larger suite of insurance products and services, plus the global buying power of Gallagher.
Colm Mahon, added, “Pat & I are thrilled for both our team and customers and we are very pleased to become part of Gallagher’s ambitious growth plans.
“The Gallagher team share our values and its focus on great client service fits well with what we do best – looking after our customers. It is business as usual for our customers and they will continue to be supported by our excellent team in Wexford, however by becoming part of a global business we can further enhance our service and product offering.”
Michael Rea, CEO of Gallagher’s Retail Division, UK & Ireland, said, “It is fantastic to welcome the Doyle Mahon team to Gallagher. The business is a great fit with our existing operations in the country, and its location in Wexford will scale up our network further.
“The bringing together of the teams we now have in Ireland, coupled with the global scale and reach of Gallagher, gives us a great platform for further expansion.”
Terms of the transaction were not disclosed.
