Brown & Brown Agrees to Acquire Irish Broker O’Leary Insurances December 22, 2020
Brown & Brown Inc., the Daytona Beach, Fla.-based broker, announced it has entered into an agreement to acquire the general insurance operating companies of O’Leary Insurances (OLI) in Ireland.
The transaction is expected to close in January 2021, subject to certain closing conditions. Financial details of the deal were not disclosed.
Headquartered in Cork, Ireland, OLI was founded in 1961 by Archie O’Leary. In 1979, O’Leary’s son Anthony O’Leary joined the firm, and it has remained a family-run business for the past 59 years. OLI has grown to become Ireland’s largest independently owned brokerage with over 200 employees operating from eight locations, including Cork, Dublin, Galway and Waterford.
Brown & Brown, Inc. Enters Into Agreement to Acquire O’Leary Insurances
Brown & Brown, Inc. Enters Into Agreement to Acquire O’Leary Insurances
DAYTONA BEACH, Fla., Dec. 16, 2020 J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Anthony O’Leary, the majority owner of O’Leary Insurances (“
OLI”), today announced that Brown & Brown, Inc. (“
Brown & Brown”) has entered into an agreement to acquire the general insurance operating companies of OLI. The transaction is expected to close in January 2021, subject to certain closing conditions.
OLI was founded in 1961 by Archie O’Leary. In 1979, Archie’s son Anthony O’Leary joined the firm, and it has remained a family run business for the past 59 years. Under Anthony’s leadership, OLI has grown to become Ireland’s largest independently owned brokerage with over 200 employees operating from eight locations, including Cork, Dublin, Galway and Waterford. The OLI team specializes i
Brown & Brown buys Irish brokerage in Europe push
18-12-2020
10-08-2020
US broker Brown & Brown has agreed to acquire the general insurance operations of Ireland-based O’Leary Insurances (OLI) as part of its expansion strategy in Europe.
The Irish broker was founded in 1961 by Archie O’Leary and has over 200 employees operating from eight locations, including Cork, Dublin, Galway and Waterford. OLI specialises in providing commercial and personal insurance.
The transaction is expected to close in January 2021.
Barrett Brown, president of Brown & Brown retail, said: “We are extremely pleased with the relationship we have developed with Anthony and Diarmuid while considering joining with the O’Leary Insurances team to establish Brown & Brown’s flagship in Ireland. Like Brown & Brown, O’Leary Insurances grew from a family owned business to a leader in the Irish brokerage market by empowering its teammates to succeed.