The word from MRH Trowe as it strengthens its position in Germany;
MRH Trowe has acquired four further brokerage companies with a focus on commercial and industrial clients and a focus on the real estate segment. The brokerage and consulting firm, which recently expanded its Finance and Benefits & Pensions segments in particular, is thus continuing its growth course.
“Our strategic focus in the insurance segment for commercial and industrial customers over the past 18 months or so has been on consolidation and integration. At the same time, we have expanded the Benefits & Pensions and Finance segments with major acquisitions and are now one of the key players in the market there as well,” says Ralph Rockel, CEO of MRH Trowe. “With the current acquisitions, we are underpinning our ambition to continue growing organically and inorganically in the insurance sector as well.”
With the acquisitions of vVs-wrzeciono Versicherungsmakler GmbH in Mülheim an der Ruhr and EURASS GmbH in Oberhausen, MRH Trowe is strengthening its regional presence in western Germany. Both companies have long-standing relationships with owner-managed medium-sized companies and bring well-founded market access as well as established customer structures. The integration will enable customers to use the expanded range of services in the areas of Finance and Benefits & Pensions in the future.
At the same time, MRH Trowe is growing in the federal states of Saxony and Thuringia: Schmalenberg GmbH in Grimma near Leipzig and Eggebrecht GmbH in Mühlhausen (Thuringia) are expanding the portfolio, especially in the real estate sector. Both banks bring special know-how in the real estate industry, project development and construction. Together with existing locations of CR Assekuranz Makler GmbH in Suhl and Müller & Partner GmbH in Floh-Seligenthal, they expand the presence in the region and form a high-performance competence cluster for real estate clients.
The expansion of the Finance business area most recently included the acquisitions of Hansekontor, Danneberg and FM LeasingPartner. With the acquisition of Heubeck AG, MRH Trowe completed its range of services and pensions, which also includes the Lurse brand. In this way, MRH Trowe creates a balanced range of products and services for all customers from a single source.
“The new teams in Mülheim, Oberhausen, Mühlhausen and Grimma show how we combine strength in the region with specialized offers and thus implement our 360-degree approach,” says Michael Hirz, CEO of MRH Trowe. “With the teams of Schmalenberg and Eggebrecht, we are also expanding our real estate segment, which is one of our most important specialty areas. Together, we can offer our customers an even broader range of solutions – from claims platforms to leasing models and guarantee solutions.”
With the new colleagues, the MRH Trowe team will grow by around 40 employees. MRH Trowe will take over 100 percent of the shares in each case. The existing management teams will remain on board. Details of the transactions were not disclosed.
About the acquisitions:
Schmalenberg GmbH in Grimma has been active as a commercial and industrial broker in the Leipzig area for 30 years and serves customers throughout Germany with 22 employees. It specialises in insurance solutions for the construction and real estate industry. These include property managers, property developers, project developers and housing associations as well as building and civil engineering companies, construction tradesmen, construction machinery dealers and landlords.
Eggebrecht GmbH Versicherungsmakler in Mühlhausen, Thuringia, contributes expertise in the field of property management and real estate management. There will be further synergies with MRH Trowe’s Real Estate focus here. With around ten employees, Eggebrecht mainly looks after medium-sized and large commercial enterprises.
With its affiliation with MRH Trowe, EURASS Gesellschaft zur vermittlung von verträge europäischer Assekuranz- und Finanzdienstleistungsunternehmen mbH is also undergoing a generational change. The founder and managing director Gerhard G. Berude hands over the management to his daughter and long-time authorized signatory Nathalie Berude-Scott. EURASS GmbH is based in Oberhausen and works with a team of seven primarily for owner-managed medium-sized companies in the region.
vVs-wrzeciono Versicherungsmakler GmbH serves more than 200 corporate customers with over 4,000 contracts throughout Germany from its locations in Mülheim a. d. Ruhr and Cologne with four employees. The focus is on advising industrial companies and owner-managed medium-sized companies as well as managing directors with regard to private risks. Founder and Managing Director Peter Wrzeciono spent more than 20 years managing insurance brokerage companies before founding the company in 2000.
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