PIB Group Acquires Halligan Insurance: Latest News and Updates
Halligan Life and Pensions Limited (“Halligan Insurance”) has been acquired by PIB Group (“PIB”).
Halligan Insurance is a Dublin-based provider of first class insurance products and services to members of trade unions, affinity groups and credit unions. The firm specialises in tailor-made group schemes at competitive prices.
Michael Halligan, Halligan Insurance Founder commented:
“Today is an important day for Halligan Insurances. Our business has already experienced growth over the last number of years and being part of PIB, working more closely with Jim and the Campion Team, will enable us to accelerate the growth of our business by giving us access to a broader range of products and markets. I’d like to thank David, Patrick and the PKF team, for guiding us through the entire process”
Jim Campion, CEO of Campion Insurance said:
“I would like to extend a very warm welcome to our new colleagues, following the acquisition of Landmark and Halligan Insurances. The addition of both businesses once again highlights our ambition in the Irish market and aligns with our strategy of developing our specialist insurance offerings for the benefit of our customers. I look forward to working with Mark, Brian and the teams in Landmark and Halligan Insurances to continue our growth in the market as our business continues to go from strength to strength. I would like to pay tribute to Michael Halligan as he exits the business, he has built a very successful business, and is a stalwart of the insurance industry. I wish Brian the very best as he takes over as Managing Director of Halligan Insurance.”
PKF acted as lead corporate advisors to the shareholders of Halligan Insurance supported by Kevin Hampson and Michael O’Donovan (Hayden Brown). DLA Piper acted as legal advisers to PIB while Mason Hayes Curran acted for Halligan Insurance. Mazars provided both financial due diligence and tax due diligence to PIB.
David Lucas, Partner PKF commented:
“We are really pleased to have acted for Michael and the Halligan family on the sale of Halligan Insurances to PIB. They are great people and very passionate about the business. Myself and Patrick have enjoyed working with all of the family and wish everyone the best of luck going forward.”
About Halligan Insurance
Since its establishment in 1981, Halligan Insurances has grown to become a leading provider of risk solutions and insurance services in Ireland. Halligan is forward thinking and committed to providing first-class professional insurance products and services to members of Trade Unions, Affinity Groups and Staff Organisations.
About PIB Group
PIB Group Limited is a group of insurance advisory businesses providing advisory, analytics, claims management, premium funding, and risk management solutions. The business was founded in 2015 by Brendan McManus and is backed by private equity firm Apax Partners. It is headquartered in London. In FY21 it recorded a turnover of c. £230.9m, which converted to an EBITDA of c. £44.5m.