French broker Verlingue, a subsidiary of Adelaïde Group and specialist in corporate protection, continues its external growth strategy with two new acquisitions that will consolidate its presence in the Grand Est region of France.
Financial details of the deal were not disclosed.
Founded in 1997, the insurance broker Cabinet Depeyre specializes in advice and management of complex business risks. Founded in 2014, Depeyre Solutions is an underwriting agency specializing in business risk for brokers and general agents. The group has 23 employees for just over €4 million ($4.3 million) in commissions.
Cabinet Depeyre, specializing in complex business risks, works with its clients to analyze, prevent and manage their risks. Cabinet Depeyre’s teams have built up particular expertise in high-pressure sectors such as the woodworking industry, transport and logistics, manufacturers and traders of building materials, etc., whether for civil liability or property damage.
Depeyre Solutions, which remains an autonomous entity linked to the Adelaïde Group, sells insurance solutions as general manager for corporate risks, mainly in the areas of vehicle fleet, property damage and civil liability.
“With Verlingue, I firmly believe that our teams will be able to support our customers even better and provide them with all the solutions offered by a company with which we already share common values and a vision of our role as a trusted partner in risk management,” said Jean-Michel Depeyre, head of the two acquired companies.
The acquisition of Cabinet Depeyre and Depeyre Solutions in France accelerates Verlingue’s strategic growth plan for 2024, following the purchase of RT Global Insurance in Portugal at the end of 2022.
“Verlingue has a strong, sustainable and profitable growth strategy. In a consolidating business sector, a family-owned broker with an ambitious long-term vision enables us to create great plans for the teams that decide to join our adventure. I am delighted that Jean-Michel Depeyre has jumped on board,” said Gilles Bénéplanc, CEO of the Adelaide Group and Verlingue.
With offices in France, Portugal, Great Britain and Switzerland, Verlingue works with partners in more than 100 countries. The Quimper, France-based broker employs 1,200 people — 400 of whom are outside France — and negotiates €2.2 billion ($2.4 billion) in premiums on behalf of its clients.
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