PIB Insurance Brokers (PIB), one of the fastest growing insurance brokers in the UK, has acquired Carmichael & Partners in Aberdeen.
Carmichael & Partners was established in 1984 by Gordon Carmichael & Andrew Brodie. The general insurance broker specialises in the delivery of a bespoke professional services to a wide range of businesses in the north east. They have developed an expertise in all forms of business insurances and claims which are administered by their long serving staff in Rubislaw Terrace.
This is the fifth acquisition by PIB since the global alternative asset manager The Carlyle Group acquired a significant equity stake in the PIB Group in December 2015. PIB has an existing network of Scottish offices in Aberdeen, Edinburgh, Dundee and Glasgow.
PIB opened its Aberdeen office in Golden Square at the end of last year and has been actively looking to grow its presence in the region. The company also has a presence in Dundee, Edinburgh and Glasgow.
Brendan McManus, CEO of PIB, commented: “We are delighted to have acquired Carmichael, a firm which has an excellent reputation in the Aberdeen market. 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: “We are very excited to be joining the PIB team. We know their team in Aberdeen well and look forward to building a stronger presence in our market with them. 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”.