Carmichael (Aberdeen) Ltd
31 October 2016
Johnston Carmichael provided lead advisory services to Carmichael (Aberdeen) Ltd in in the disposal to PIB Group Ltd.
PIB Insurance Brokers (PIB) acquired Carmichael (Aberdeen) Ltd (CAL) for an undisclosed sum in October 2016 as part of a wider acquisition based growth strategy following significant equity investment by The Carlyle Group in December 2015.
This was the fifth acquisition by PIB, following on from previous acquisitions earlier in 2016 of Fish Insurance, Cooke & Mason, Channel Insurance Brokers and QPI Legal.
CAL is an Aberdeen based general insurance broker that was established in 1984 by Gordon Carmichael and Andrew Brodie to provide a bespoke professional service to clients in Aberdeen and the North of Scotland. CAL will augment the existing presence of PIB within Aberdeen and across Scotland.
On behalf of the shareholders of Carmichael (Aberdeen) Limited I would like to thank the Johnston Carmichael Corporate Finance team for their advice, support and high level of customer service delivery during the disposal process. From initial negotiations through to final execution, they were able to leverage off their extensive experience to ensure that the transaction was completed in an efficient and timely manner.
Andrew Brodie
Vendor of Carmichael (Aberdeen)
Find out more about the work of our Corporate Finance Team by visiting our Deals Highlights section.
