Fifth acquisition
PIB adds Carmichael to growing network
Andrew Brodie
PIB Insurance Brokers (PIB), one of the fastest growing insurance brokers in the UK, has acquired Carmichael & Partners in Aberdeen.
Established in 1984, Carmichael & Partners is a general insurance broker serving a wide range of businesses in the North of Scotland.
This is the fifth acquisition by PIB since the global alternative asset manager The Carlyle Group acquired a significant equity stake in the group in December 2015. PIB has offices in Aberdeen, Edinburgh, Dundee and Glasgow.
Brendan McManus, chief executive of PIB, said: : “Carmichael will bolster our existing presence in Aberdeen working closely with our existing local PIB office led by Graeme Cant. Working together I am excited by the potential for both businesses to continue their success. We look forward to welcoming Carmichael to the PIB team.”
Andrew Brodie, managing director, Carmichael & Partners, said: “The different skills and experience we will have access to locally and more broadly can only be a good thing for our employees and clients alike.”
