Belfast insurance and HR firm WF Risk Group has bought a Dublin-based peer for an undisclosed sum.
The parent company said the acquisition of Compass Insurance Brokers is the latest milestone in its growth trajectory, expanding both its geographic reach and portfolio of services.
It employs 150 people from its offices in Belfast, London, Hull, Leeds and now Dublin, offering risk and wealth management, human resources consultancy and employee benefits.
Compass is led by director John Mollohan who founded the business is 2011 and who will remain with the it after the acquisition.
“We are delighted to work with John, combining our strengths and expertise to continue to deliver expert advice to our valued Compass clients,” Richard Willis, Managing Director of WF Risk Group. “Over the years the source of our growth has been both organic and through the acquisition of likeminded companies, such as Compass.
“We look forward to the new synergies and opportunities that this most recent acquisition will create across the Group as a whole.”
John Mollohan said he was looking forward to joining WF Risk.
“Compass is excited to be part of the WF Risk Group, who are equally committed to delivering client focused solutions,” he said. “We are really looking forward to working with Richard and the team on the next phase of our journey.
“Our complementary strengths and shared values are well matched, and this acquisition promises increased value and enhanced services for our clients.”
