Deal is part of a wave of unprecedented consolidation within the wider sector
Aston Lark said Dublin-based Finance Solutions will complement a major independent UK mortgage broker it acquired earlier this year.Aston Lark, the broking group owned by UK-based Howden, has agreed to acquire another Irish broker and adviser in a deal worth more than €10 million.
The deal for Dublin-based Finance Solutions brings to 14 the number of acquisitions – mostly in the insurance broking sector – Aston Lark has completed since entering the market in the Republic in 2021, partas small and medium-sized independent firms here continue to sell up to bigger players. Founded by Ken Murray in 2011, Finance Solutions has more than 7,000 clients and employs 40 people, the companies said in a statement on Monday. It specialises in mortgage broking but also provides “tailored financial solutions such as life cover, income protection, investments, and pensions”, they said.
A spokeswoman for Aston Lark declined to comment on the deal metrics. However, industry sources have indicated the company, which will rebrand as Howden Ireland over the coming weeks, has agreed to pay €10 million plus enterprise value for Finance Solutions.
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