Mazars act as adviser on Campion Insurance Brokers sale to PIB Group

Campion Insurance Brokers was formed in 1984 by Jim Campion. Through organic and acquisitive growth it is now one of Ireland’s largest brokers. It currently employs 180 staff across twelve locations. The Company is managed along its three core business units of Commercial Lines, Personal Lines and Financial Services. Campion’s success is underpinned by its well-balanced product mix and strong customer focus, which has resulted in consistently high policy retention rates.

Jim Campion, founder and CEO of Campion, said: "I’m delighted that Campion Insurance will soon become part of the PIB Group which is a positive and exciting development in our history. It is a testament to the hard work of our dedicated people and loyal customers who are behind our success to date, that we are in the position to play a key role in driving PIB’s expansion in the Irish market. We would to thank the Mazars team, led by John Bowe and Daniel Gallery for their invaluable advice, hard work and professional approach in bringing this deal to a successful conclusion".

John Bowe, Mazars Partner, Deals – Mergers & acquisitions, said: "Mazars in Ireland are delighted to have advised Campion Insurance, Jim and Team on this transaction, pending Central Bank approval. The Irish insurance brokerage market will continue to consolidate over the next couple of years and no doubt the excellent team of Campion Insurance, as part of the PIB Group, will play a lead role in this. We look forward to seeing continued growth over the coming years. This transaction adds to our list of credentials in insurance M&A and deal execution".

PIB Group is a UK based specialist insurance intermediary backed by world-leading private equity firms Apax Funds and The Carlyle Group. The group are experiencing rapid acquisitive and organic growth since its launch in 2005. The Group’s 2,000 staff service clients throughout the UK, Channel Islands, Ireland, Germany, Poland, Denmark and Spain.

Brendan McManus, CEO for PIB Group commented: "I would like to extend a very warm welcome to everyone at Campion Insurance who are soon to become part of the PIB Group. This is a fantastic business with Jim Campion at the helm, backed by his leading management team and employees. They represent a great platform for PIB in Ireland and provide many complementary attributes. In addition, their experts will be a great fit for our increasingly international family and collaborative culture that benefits customers and colleagues alike".