PIB Group has acquired Santry-based John O'Donohue Insurances Ltd through its Irish subsidiary, Campion Insurance.
John O'Donohue Insurances is the 21st specialist brokerage to be acquired by PIB Group as part of its strategy of developing specialist businesses in its markets, complementing the significant footprint Campion Insurance has in Ireland.
The deal is also expected to support the continued growth of Campion Insurance’s north Dublin hub as the business will relocate from its current Santry office to the Campion office in Swords.
“I am delighted that John O’Donohue Insurances Ltd, led by John O’Donohue and Loraine Quinlan, have agreed to become part of Campion Insurance and PIB Group," said Jim Campion, CEO of Campion Insurance.
"The acquisition marks PIB Group’s 21st acquisition in Ireland, another significant milestone for our business in Ireland.
"It highlights the continued opportunities that PIB Group see in Ireland for growth and we look forward to welcoming more Irish insurance brokers to the Group in 2025.”
John O’Donohue, managing director, John O’Donohue Insurance, said: “I am delighted to now be part of PIB Group, and we look forward to working with Jim and the Campion Insurance Team going forward.
"The decision to join Campions and the PIB Group is a very positive move for us and our clients alike and sets the stage for continued growth and innovation for us all going forward."
O'Donohue established the business with his wife Lorraine Quinlan in 2000. Turnover grew to €730,800 and profit doubled to €84,200 in 2023. The company has retained earnings of €924,900.
Since launching in 2015, the Ajax Capital and Carlyle Group-backed PIB has expanded to the UK, Channel Islands, Ireland, France, Germany, Italy, Poland, Denmark, Spain and the Netherlands.
The group brought in £234m in adjusted net revenue and £74m in adjusted EBITDA in the first half of 2024. During that time, PIB acquired Lir Insurance, FitzGerald Flynn and AML Insurance Brokers in Ireland.
Photo: Jim Campion. (Pic: File)
