PIB Group makes 17th insurance broker acquisition

PIB-Group-acquires-Albany-Childcare's-insurance-business

The latest business to join rapidly expanding PIB Group is Albany Childcare, a leading provider of Childcare Insurance throughout the UK.

Albany focusses on targeting smaller, family run childcare businesses and specialises in providing Childcare and Nursery insurance for All Day Nurseries, Out of School Groups, Playgroups and Parent and Toddler Groups. As the Glasgow based business approaches its 20-year anniversary, director Alex Keenan feels that the move is the next step in Albany’s evolution.

He commented: “Myself and the Albany team made a conscious decision to invest in our business four years ago and as a result we have achieved strong growth and profitability. Joining PIB is a significant step in our history and enables us to continue growing with further investment and support from PIB. We’re really looking forward to meeting our colleagues and identifying opportunities to collaborate for the benefit of the group and clients alike.”

Brendan McManus, CEO for PIB Group commented: “I’m delighted that Alex and his team have chosen to join PIB. They have remained focussed on their target markets and providing high levels of customer care, which has led to their success today in the childcare sector. These are core qualities that we look for in all the businesses we acquire and encourage them to maintain their entrepreneurial spirit while reaping the benefits of become part of our network of PIB Group companies.”

Alex Keenan will continue leading the business on completion of the deal. While Albany will continue to trade under its own brand, its products and services will bolster PIB’s existing childcare proposition provided through Morton Michel who joined the group in September last year.

Albany is the 17th acquisition by PIB to date, of which four have been made so far this year including i2 Healthcare, Lincsafe Health & Safety, Wilby and Lorica Insurance Brokers.