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  5. GrECo Acquires MAI CEE Insurance Brokers

M&A Deal Summary

GrECo Acquires MAI CEE Insurance Brokers

On September 14, 2021, GrECo acquired insurance company MAI CEE Insurance Brokers

Acquisition Highlights
  • This is GrECo’s 1st transaction in the Insurance sector.
  • This is GrECo’s 1st transaction in Latvia.

M&A Deal Summary
Date 2021-09-14
Target MAI CEE Insurance Brokers
Sector Insurance
Buyer(s) GrECo
Deal Type Add-on Acquisition

Target

MAI CEE Insurance Brokers

Riga, Latvia
MAI CEE Insurance Brokers is an operator of an independent network of insurance and reinsurance brokers within Central and Eastern Europe. MAI CEE Insurance Brokers was founded in 1991 and is based in Riga, Latvia.

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Buyer(S) 1

Buyer

GrECo

Vienna, Austria
Category Company
Founded 1925
Sector Insurance
DESCRIPTION

GrECo is an independent, family-owned company that offers its clients individual solutions in risk and insurance management and is the insurance broker & consultant for corporations, associations, and authorities in CEE. GrECo was founded in 1925 and is based in Vienna, Australia.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Latvia M&A 1 of 1
Year: 2021 M&A 1 of 1
Mergr

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