London-based insurance broker Aston Lark has signed a pact to purchase Wright Insurance Brokers, an Irish insurance brokerage company, for an undisclosed sum.
Wright serves commercial and transport sectors. It also provides a host of insurance products and services for private clients.
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The takeover of Wright will be Aston Lark’s second deal in Ireland after it snapped up Robertson Low in January this year.
Aston Lark CEO Peter Blanc said “We’ve been hugely impressed by the business that Tony and Breda Wright have built. Providing a personal and high-quality service to clients runs through the heart of the business, making it a perfect fit to join the growing Aston Lark family.
“We are keen to continue growing and acquiring like-minded brokers in Ireland where we see huge opportunities. Our increased scale will help us provide the full range of insurance and risk management solutions to companies and individuals seeking really high-quality personal service – which we believe will set us apart from the competition.”
Wright Insurance Brokers CEO Tony Wright stated: “Having followed an acquisition model ourselves for the last few years, we believe the Aston Lark strategy is directly aligned with the goals we set out to achieve.
“The continuation of a highly personalised service company within a scaled, influential group provides real benefits to our customers and staff.”
In April this year, Aston Lark acquired Jobson James Insurance Brokers and its specialist employee benefits practice Jobson James Consulting.
American investment banker Goldman Sachs acquired a majority stake in Aston Lark from Bowmark Capital this September.
