Leading law firm Carson McDowell advises Abbey Insurance on acquisition of Open + Direct
02 February 2016
Abbey Insurance Brokers, Northern Ireland’s largest locally owned insurance broker, has announced that it has completed the acquisition of the Open + Direct business from its current owners, Swinton Group Ltd. A team from leading local law firm Carson McDowell advised Abbey Insurance on all legal aspects of the purchase.
Commenting on the announcement Dawn McKnight, Partner, Carson McDowell, said: “As a firm we have worked with Abbey Insurance Brokers and its associated group of companies for many years. It’s a business with an exceptional reputation locally and an impressive history, not least due to the vision of its senior management team. The acquisition of Open + Direct can only lend further strength to the business. It really is great to see such quality businesses being managed and owned locally. There has been an increase in M&A activity in the last year and we anticipate that more deals of this nature will complete in the coming months. The devolution of corporation tax powers are bound to bring more M&A to the market as the potential of a lower rate than the UK adds to the attractiveness of the region.”