Green Insurance Group has announced the acquisition of M B Mulcahy Associates, based in Merton, South London. Founded in 1982, Mulcahy is a successful high street insurance broker, serving local commercial and personal clients.
Clive Galbraith, Chairman of Greens, said: “We are delighted that Mulcahy Associates chose to join Green Insurance Group. They have a solid client base and an excellent reputation in South London and their priority was to ensure their clients would continue to be looked after by a like-minded independent broker.
Duncan Coleman, Green’s Managing Director, who led the acquisition deal, added: “We are continuing our strategy of acquiring successful insurance brokers in target locations as we expand our geographic footprint and our product offerings to clients. We have already expanded the team in Merton in anticipation of further growth.
Mulcahy Associates is the third acquisition by Greens since it entered into an investment deal with Minority Venture Partners Limited in January 2014.