GMIB, O’Donovan Insurances
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GMIB, O’Donovan Insurances - overview
Established
1989
Location
-, County Kerry, Ireland
Primary Industry
Insurance
About
Founded in 1989 and based in Ireland, Gallivan Murphy Insurance Brokers Ltd. trading as GMIB. ie operates as a provider of insurance services. In April 2022, AssuredPartners Inc.
, a portfolio company of Apax Partners, GTCR, and HarbourVest Partners, agreed to acquire GMIB, O’Donovan Insurances for approximately EUR 100 million. The deal was later completed in June 2022. The company provides insurance products such as car insurance, van insurance, home insurance, landlord insurance, and commercial insurance. The firm's partners include Allianz, Aviva, Axa, Zurich Insurance Group, and more.
The April 2022 acquisition enables the organization to become AssuredPartners Inc. 's platform for growth in the Irish market and accelerates its growth trajectory organically and through strategic acquisitions.
Current Investors
AssuredPartners, Inc.
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries
Website
www.gmib.ie/
Company Stage
Add-on
Total Amount Raised
Subscriber access only
GMIB, O’Donovan Insurances - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | O'Donovan Insurances Limited | - | ||||||||
| Add-on | Completed | GMIB, O’Donovan Insurances | - |
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