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Arachas Buys Out Hooper Dolan Group

Insurance brokerage Arachas has been successful in its bid to buy the Hooper Dolan Group, a broker that has 12 hubs in various parts of the country.

It’s the largest acquisition so far for Arachas, and the merger will mean that 120 Hooper Dolan staff will join the firm.

Chief executive Conor Brennan said "Today marks a watershed moment in the Arachas growth journey as this, our largest acquisition, secures our nationwide position. The Arachas name and ethos will now reach into every corner of our island, and we will be supported in our commitment to delivering customer service excellence through the added expertise of over 120 talented professionals who will join our team to further enhance our collective skill set. This deal is a reflection of the market leading business that we have become and is a testament to the business that we have built over the past number of years.

The Hooper Dolan Group has been approached by many investment groups over the last number of years but there was only one credible partner for their business in their minds and that was us. Arachas believes in investing in great businesses by giving their management teams the support needed to grow and thrive in an increasingly complex marketplace. Above all we believe in working in collaboration to meet the changing needs of Irish insurance consumers; giving employees a secure and exciting career path; and giving back to the wider community that we all belong to.

It is that culture of collaboration and support that attracted Hooper Dolan to Arachas as their next home and we are delighted to have them. Hooper Dolan is an organisation of honourable and dedicated people like ourselves who will always go that extra mile for their customers and who mind and respect their staff. Once we knew that, we knew we had the foundations to build something exceptional together.

Despite a hugely competitive Irish M&A market, this transaction illustrates that with resolute commitment to clear strategic direction, there are still accretive deals to be found. As the principal dealmaker in this country, we will concentrate now on our integration and growth plans working with our soon to be new colleagues. Our timing in shaking hands with Hooper Dolan could not have been better."

01/07/2021

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