Innovu aims for €200m business per year as it goes on buying spree

Private equity-backed brokerage has doubled in size this year alone as it resumed buying brokers

24th October, 2021
Innovu aims for €200m business per year as it goes on buying spree
Ronan Foley, chief executive of Innovu, says there are plenty of opportunities to acquire more businesses. Picture: Fergal Phillips

Innovu is aiming to write €200 million-worth of business per annum within the next five years as it continues its acquisition spree, its chief executive has said.

The private equity-backed insurance brokerage announced its fifth acquisition in just two years earlier this month after securing a deal to buy PE Kelly Insurances in Enniscorthy, Co Wexford.

Speaking to the Business Post, Ronan Foley, the chief executive at Innovu, said the group had doubled in size...

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