Irish intermediary Arachas Corporate Brokers has snapped up Dublin peer Brian J Pierce Ltd for an undisclosed sum. Trading as BJP Insurance Brokers, the acquired business is described as a taxi insurance leader in Ireland.
Lifting the lid on the deal, Arachas said in a LinkedIn update: “This acquisition is part of our strategic vision to expand our business and be the leading experts in our field. We are excited to have a great team of people joining the Arachas family who share our values and our customer focus.”
Based in Sandymount, BJP has been in operation since 1979. Aside from taxi coverage, the company also offers personal, life, and commercial insurance.
Meanwhile Arachas highlighted: “This is more than a financial headline and it is significantly different to some of the other more complex financial engineering that is evident in today’s marketplace. Ours is a collaboration of like-minded people whose aim is to build business excellence that will benefit customers, employees, and our wider community for the long term.”