Aston Lark has played its hand in the M&A game once again. The Chartered insurance broker, backed by Goldman Sachs, has today announced its acquisition of Wright Insurance Brokers, an Ireland-based brokerage that specialises in the commercial and transport sectors.
The deal marks Aston Lark’s second acquisition in Ireland, following the firm’s swoop for Robertson Low in January. And if Aston Lark CEO Peter Blanc (pictured) has his way, the brokerage will be snapping up more “like-minded brokers in Ireland” in the near future, given the “huge opportunities” he sees in the neighbouring market.
Commenting on Wright Insurance brokers, which has offices in Wexford and Carlow, 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.
“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.”
Tony Wright, CEO of Wright Insurance Brokers (pictured above), described Aston Lark as “a very attractive platform to continue with the growth” of Wright Insurance Brokers, especially considering the recent investment pumped into Aston Lark by Goldman Sachs, and the quality and manner of the brokerage’s recent acquisitions.
“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,” Wright added. “The continuation of a highly personalised service company within a scaled, influential group provides real benefits to our customers and staff.”