M&A Deal Summary

PIB Group Acquires Tractio

On May 17, 2022, PIB Group acquired insurance company Tractio

Acquisition Highlights
  • This is PIB Group’s 35th transaction in the Insurance sector.
  • This is PIB Group’s 2nd transaction in Spain.

M&A Deal Summary

Date 2022-05-17
Target Tractio
Sector Insurance
Buyer(s) PIB Group
Deal Type Add-on Acquisition

Target

Tractio

Bilbao, Spain
Tractio is an insurance brokerage firm, that specializes in maritime, land, and air transport, as well as energy, SME, and private equity. Tractio was founded in 2011 and is based in Bilbao, Spain.

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Buyer(S) 1

Buyer

PIB Group

London, United Kingdom

Category Company
Founded 2015
Sector Insurance
DESCRIPTION

PIB Group is an insurance intermediary group aiming to create a leading position in the provision of specialist insurance solutions across the UK market. PIB Group was founded in 2015 and is based in London, United Kingdom.


DEAL STATS #
Overall 42 of 50
Sector: Insurance M&A 35 of 43
Type: Add-on Acquisition M&A Deals 40 of 48
Country: Spain M&A 2 of 4
Year: 2022 M&A 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Guest Krieger

London, United Kingdom

Guest Krieger is an independent Lloyd’s broker placing a growing portfolio of international specialty business in Lloyd’s and the London market. Guest Krieger provides specialist expertise and outstanding client service to its direct clients, network of producers and local insurance companies who require access to the London Market. Guest Krieger is based in London, England.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Balens

Malvern, United Kingdom

Balens provides insurance in the UK and Europe for around 100,000 health, wellbeing, fitness, and beauty professionals, businesses, affinity groups, and not-for-profit organizations. Balens was formed in 1950 and is based in Malvern, United Kingdom.

Buy -