Clear Group has expanded its presence in Ireland through the acquisition of Phelan Caswell Insurances (PCL).
Under the terms of the agreement, Clear Group has acquired 100 per cent of the PCL business, as well as its management team. Along with the company, the deal will also see Clear Group taking over the financial planning assets of the company.
This is said to mark the continuation of Clear's investment into Ireland as a key market for the insurance and financial planning services industry. This is the second acquisition by the firm of an Irish business, with the first being MBC Insurance in 2023.
Mike Edgeley, group CEO of the Clear Group, says: “Phelan Caswell Insurances is a quality broker which adds significant value to our growing presence in Ireland. I’m sure they will thrive from being part of the Clear family as we continue to bolster our presence in Ireland.”
Managing director of Phelan Caswell Insurances, Mark Phelan, adds: "Partnering with Clear is great news for our clients and staff. With support from the wider Irish business, we will be able to provide an enhanced range of products and services, leveraging the strength of a larger organisation.”
PCL will continue to be managed by its current executive team and staff.
