PE-backed German broker MRH Trowe completes 11th bolt-on acquisition

MRH Trowe, an owner managed commercial lines insurance broker in Germany, has completed 11th bolt-on acquisition of the year, acquiring with Olfen-based speciality broker Helmig & Partner.

Helmig & Partner is a speciality broker for bakery chains, currently serving more than 300 clients in the sector with 44 employees and a wide range of pension and non-life insurance products.

MRH Trowe is backed by AnaCap Financial Partners, a specialist mid-market private equity investor in technology enabled financial services.

The acquired company, whose founding managers will remain operationally involved in line with MRHT’s historical M&A approach, is expected to contribute €5 million of revenue to the Group in 2022. As a result of the acquisition, the Group is now on track to deliver more than €80 million of run-rate revenue.

Ralph Rockel (pictured), co-founder and board member at MRH Trowe, commented: “We are delighted to announce another acquisition for MRHT with Helmig & Partner. We are bringing onboard a highly respected and well recognised specialist in the field of bakery insurance.

“This acquisition will help strengthen the Group on many aspects in its ambition to offer a broad and diversified range of products and specialty under a client-centric, holistic approach. To complete 11 bolt-on acquisitions since December last year is a very impressive track record for MRHT and AnaCap as a partnership and we look forward to updating the market on new developments as we head towards 2022.”

Tassilo Arnhold, private equity partner at AnaCap, added: “We are extremely pleased with our partnership with MRH Trowe and the acceleration in M&A execution experienced over the last year. As we head towards 2022, we will continue to focus on delivering organic growth complemented with targeted buy-and-build in the rapidly consolidating German commercial lines insurance brokerage market.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.