PE-backed German broker MRH Trowe completes 11th bolt-on acquisition
MRH Trowe, an owner managed commercial lines insurance broker in Germany, has completed 11th bolt-on acquisition of the year, acquiring with Olfen-based speciality broker Helmig & Partner.
Helmig & Partner is a speciality broker for bakery chains, currently serving more than 300 clients in the sector with 44 employees and a wide range of pension and non-life insurance products.
MRH Trowe is backed by AnaCap Financial Partners, a specialist mid-market private equity investor in technology enabled financial services.
The acquired company, whose founding managers will remain operationally involved in line with MRHT’s historical M&A approach, is expected to contribute €5 million of revenue to the Group in 2022. As a result of the acquisition, the Group is now on track to deliver more than €80 million of run-rate revenue.
Ralph Rockel (pictured), co-founder and board member at MRH Trowe, commented: “We are delighted to announce another acquisition for MRHT with Helmig & Partner. We are bringing onboard a highly respected and well recognised specialist in the field of bakery insurance.
“This acquisition will help strengthen the Group on many aspects in its ambition to offer a broad and diversified range of products and specialty under a client-centric, holistic approach. To complete 11 bolt-on acquisitions since December last year is a very impressive track record for MRHT and AnaCap as a partnership and we look forward to updating the market on new developments as we head towards 2022.”
Tassilo Arnhold, private equity partner at AnaCap, added: “We are extremely pleased with our partnership with MRH Trowe and the acceleration in M&A execution experienced over the last year. As we head towards 2022, we will continue to focus on delivering organic growth complemented with targeted buy-and-build in the rapidly consolidating German commercial lines insurance brokerage market.”
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