Aston Lark buys Irish commercial and transport broker

Independent insurance broker Aston Lark, backed by Goldman Sachs, has today acquired specialist commercial and transport broker Wright Insurance Brokers, based in Ireland.

The purchase is the second acquisition in Ireland for Aston Lark this year – the broker initially bought commercial insurer Robertson Low back in January.

Peter Blanc, chief executive at Aston Lark, said: “We’ve been hugely impressed by the business that Tony and Breda Wright have built. Providing a personal and high quality service to clients runs through the heart of the business, making it a perfect fit to join the growing Aston Lark family.

“We are keen to continue growing and acquiring like-minded brokers in Ireland where we see huge opportunities. Our increased scale will help us provide the full range of insurance and risk management solutions to companies and individuals seeking [a] really high quality personal service, which we believe will set us apart from the competition.”

Acquisition potential

Tony Wright, chief executive at Wright Insurance Brokers, added: “Having followed an acquisition model ourselves for the last few years, we believe the Aston Lark strategy is directly aligned with the goals we set out to achieve.

“The continuation of a highly personalised service company within a scaled, influential group provides real benefits to our customers and staff. This, combined with the recent investment provided by Goldman Sachs and the quality and manner of the recent acquisitions, makes Aston Lark a very attractive platform to continue with the growth of the business.”

Wright Insurance Brokers, which offers products for private clients, has offices in Carlow and Wexford.