Latest acquisition is the third in Limerick and 15th for Arachas nationwide since 2020.

 

Arachas, the country’s largest nationwide insurance broker which is celebrating 20 years in business, today announced the acquisition of Gerry O’Mahony Insurances, a broker based in Castletroy Co. Limerick, for an undisclosed sum. The purchase of O’Mahony Insurances is in line with Arachas’ strategic plans to bolster its presence in the Mid-West region and Limerick in particular.

This is the third acquisition for Arachas this year following the successful incorporation of Tom Fogarty Insurances in Tipperary and Gilmartin Insurances in Leitrim.  Gerry O’Mahony Insurances marks the fifteenth purchase of a local brokerage by Arachas since 2020 when the Ardonagh Group acquired Arachas.

Gerry O’Mahony Insurances was established 35 years ago by Gerry O’Mahony and serves the local market of Castletroy and the surrounding areas. A well-respected local brokerage, Gerry O’Mahony Insurances specialises in personal and commercial products.

Day-to-day business operations are managed by Gerry’s two sons and former Munster rugby players Barry and Ronan. Post-acquisition, Ronan O’Mahony will stay on in a business development role, where he will help to expand Arachas’ growing footprint in Limerick and the Mid-West area. The remaining four staff members will join Arachas following the transaction, bringing the total number of Arachas staff in the region to 50.

Arachas provides businesses and consumers with high-quality and cost-effective motor and home insurance products nationwide. This acquisition will increase the availability of these products to customers in Limerick, Munster and the Mid-West. 

Commenting on the acquisition, Joey Wynne, Arachas CEO said:

“The acquisition of Gerry O’Mahony Insurances is another exciting step for us at Arachas, as we bolster our position in the South-West region and continue our strategic expansion nationwide. This marks our third investment in Limerick since 2020 and highlights our commitment to servicing customers in the area to the highest possible standard.”

Daniel Hennessey, Regional Director for Arachas Mid-West said:

“We are delighted to welcome the team at Gerry O’Mahony Insurances to Arachas. An impressive brokerage with first-rate services, they will fit in seamlessly here as their values match our own. As the heart of the Mid-West, Limerick is a key location for us and our ambitious growth strategy and we look forward to working with Ronan and the team.”

Speaking on behalf of Gerry O’Mahony Insurances, Gerry O’Mahony said:

"I am proud to see O’Mahony Insurances become part of the Arachas family. Over the past 35 years, we have built a trusted and reliable service for our community in Castletroy and beyond. Joining forces with Arachas not only ensures continuity for our loyal clients but also brings enhanced resources and opportunities for growth. I am confident that our clients will continue to receive the highest standard of service and that this new chapter will bring exciting prospects for both our team and our valued customers."

Barry and Ronan O’Mahony shared their father’s sentiments:

"It has been a great experience helping our father Gerry O'Mahony over the last mile of a 30-year marathon. The opportunity to ensure the legacy of his hard work is passed on smoothly fills us with immense pride. We couldn't be happier to announce the acquisition of O'Mahony Insurance by Arachas, knowing our valued customers are in the best possible hands. A heartfelt thank you to Shane, Martin, Joey, and the entire Arachas team, whose professionalism and dedication has been evident from our first meeting."

ENDS

For further information please contact:

Brendan Murphy  Teneo 087 2051111

About Arachas

Arachas is the country’s largest nationwide Insurance broker with over 700 employees at 16 offices located throughout the country. Our experts provide consultancy on the entire range of insurance products and services for commercial and domestic customers based on our long-standing relationships with clients and providers and unrivalled access to insurance data.  

Arachas can also uniquely provide complex insurance requirements via innovative sector-specific schemes.  

Arachas is committed to creating an inclusive and diverse workplace and offers flexible working practices. Giving back to our local communities, through sponsorships and charities, close to our values, is important for Arachas and our employees. One such charity is Cancer Fund for Children, where we are supporting our colleague and brand ambassador, Rory Best on his Miles to Mayo fundraiser to deliver Daisy Lodge, a vital new therapeutic centre for children with cancer and their families.  

Arachas is part of the Ardonagh Group, one of the world's largest independent insurance distribution platforms, with a network of over 200 locations with over 10,000 people.