With the economy buoyant and the prospect of more interest rate cuts, it’s perhaps no surprise that the Irish M&A market is poised for another bumper year. Photograph: Getty Images
Anyone who thought the rapid consolidation of Ireland’s insurance brokerage industry that began a few years ago might be running out of steam may have been given pause for thought last Thursday with the announcement that Arachas Then on Monday came the announcement that Gallivan Financial, the Kerry-based wealth management firm, has agreed to snap up Limerick-based financial advisory company FJ Hanly & Associates. Interestingly, the Killarney firm is majority-owned by the Gallivan family, who sold their insurance brokerage Gallivan Murphy in 2022 to a private equity-backed US insurance broking group, called Assured Partners, for about €100 million.