Intermediary PIB Group Ltd has acquired Thoma Exploitatie BV and its subsidiaries in the Netherlands. The firm dates back to 1959 and is a commercial broker and managing general agent platform. The deal is subject to regulatory approval.

Brendan McManus, CEO of PIB Group, said: "The acquisition of Thoma is a testament to the team's successful track record and tenacity of growth in the region. Its long-standing history, outstanding business performance, and proven M&A and integration capabilities offer an attractive opportunity for PIB Group to leverage local insight and knowledge in Benelux.”

Aernoud Hage, CEO of Thoma, added: “We are delighted to announce the integration of Thoma into PIB Group subject to approval. PIB Group’s leadership, culture and expansion plans align with Thoma’s ambition. With our expertise and strong track record we expect to see strong growth in this partnership.”