Arachas adds Cavan John Brady Insurances in ongoing acquisition spree [Video]

Arachas has agreed to acquire John Brady Insurances Ltd as part of its strategy to expand its presence in the border and midlands regions.

The Ardonagh-owned insurance broker will take over the Cavan-based firm for an undisclosed sum in what is the latest in a string of acquisitions following deals for McDonald Dwyer Reddy & Byrne Insurances in Waterford, Gerry O’Mahony Insurances in Limerick, and Gilmartin Insurances in neighbouring Leitrim.

Arachas said John Brady Insurances represented an opportunity to acquire a business that is highly complementary to its own business, and that the deal would further strengthen its footprint in the locality.

“Over the last four years, Arachas has sought to grow its national presence by acquiring well managed and respected businesses with strong local roots and connections in their communities to further bolster the nationwide reach of Arachas,” said Joey Wynne, CEO of Arachas.

“John Brady is one such company that we have admired and we are …