Aston Lark acquires Wright Insurance Brokers

Aston Lark has purchased Ireland-based Wright Insurance Brokers, for an undisclosed amount. The Irish firm specialises in the commercial and transport sectors and provides solutions for private clients.

Following the deal, founders Tony and Breda Wright will remain on the Board and will take an equity investment in Aston Lark Holdings. The wholesale division of the company, Patrona Underwriting, will continue under the current ownership and management of Tony and Breda Wright.

Aston Lark’s chief executive, Peter Blanc said “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 really high-quality personal service,” he added.

Chief executive officer of Wright Insurance Brokers, Tony Wright commented: “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.

“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,” he added.

This is the second acquisition Aston Lark has completed in Ireland, following the acquisition of Robertson Low in January.

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