The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie.
Clear has acquired 100% of MBC Insurance. Financial details of the deal were not disclosed.
This latest deal represents the 38th acquisition made by Clear since it was established in 2001 and marks its first acquisition in the Irish broker market. The acquisition of MBC Insurance further signals Clear’s expansion plans into new markets through targeted M&A activity following investment last year from Goldman Sachs.