Family business to join ABL Group
Brown & Brown (Europe) Ltd has acquired 100% of the equity capital of T Oscar Rollins & Company Ltd, trading as Rollins Insurance Brokers (Rollins).
Rollins was established in 1945 by T Oscar Rollins and has operated as a family-owned business with strong ties to the local business community it serves in Holywood, Northern Ireland.
Rollins writes commercial and personal lines insurance, specialising in arranging insurance for social clubs, golf clubs and other sports clubs and associations.
After the deal, which has received regulatory approval, Rollins will become part of Brown & Brown’s Northern Ireland business ABL Group. The Rollins team, including managing director Dermot Rollins, will stay on and take Rollins onto the next stage of its development, reporting to ABL Group CEO Maurice Boyd.
Speaking about the acquisition, Maurice Boyd said Rollins is a “gem of a business, with outstanding service to customers, a great tradition, sense of history and deep roots in the local community. They are a business with outstanding customer retention and entrepreneurial leadership keen to expand its footprint across select markets. Rollins is an outstanding addition to ABL Group, and it is a great pleasure to welcome Dermot and his team to Brown & Brown.”
Commenting on the transaction, Dermot Rollins said, “Brown & Brown has an instinct for businesses like ours, and their understanding of our culture and ethos made the decision to put our future in their hands easy. We look forward to working alongside Maurice and the rest of the team and contributing to Brown & Brown’s position as a forever company.”
The deal was completed on 3rd June 2024, and the consideration is undisclosed.