Laois company expands customer base with acquisition of Dublin company
The CEO of True Financial Limited Shane Tobin said his company was excited about the acquisition, which he said “is a perfect bolt-on to our expanding business.”
THE Portlaoise based insurance brokers True Financial Limited, which trades as LowQuotes and True Wealth, has announced the acquisition the Dublin-based insurance brokerage Low.ie from JSBCA Limited.
True Financial Limited, with revenues of more than €6 million, says the move, “marks a significant milestone in our plans to expand our comprehensive financial solutions to individuals and businesses across Ireland.”
Low.ie has been operating for 12 years online and is the highest-ranked insurance broker on TrustPilot.
True Financial Limited is located at Kew-Lea Business Park, just off the Mountrath Road, will also bring over Low.ie’s staff and its customer base of around 12,000 and bring the number of True Financial’s employees to more than 40.
Speaking about the move the CEO of True Financial Limited Shane Tobin said: “We are delighted and excited about this acquisition, which is a perfect bolt-on to our expanding business. It will double our recurring revenues and will be a very accretive investment.”
“We are also inheriting a team of extremely professional staff with multi years’ experience in the life assurance online sector with Low.ie”
CEO of JSBCA Peter O’Reilly said: “We are very happy that our clients and brilliant staff are coming under the wing of a really experienced, dynamic and expert Irish financial services provider. True Financial track record, experience and attention to detail will ensure they are in the very best of hands for the future.”
