The Ardonagh Group has today announced the completion of the acquisition of Arachas. Ardonagh is the UK’s largest independent insurance broker with global reach, a network of over 100 office locations, and a workforce of over 7,000 people. Formed in 2017 and following a series of acquisitions in 2018, Ardonagh brings together best-in-class brands.
This follows the announcement earlier this year of the completion of a new investment arrangement between Arachas and Madison Dearborn Partners (MDP) and HPS Investment Partners. MDP & HPS are also the major shareholders of The Ardonagh Group.
Ardonagh and Arachas share an affinity for delivering exceptional customer service and building innovative solutions that ensure a seamless service delivery for insurance customers.
Our mutual respect and admiration for each other’s philosophy and company culture make this an extremely positive development for our customers and for our employees.
For further information visit: https://www.ardonagh.com/media/announcements/the-ardonagh-group-announces-the-successful-completion-of-its-2-billion-debt-raise-and-the-acquisitions-of-arachas-and-bravo-group