Dublin-based IHI Group has been bought by NFP, an international insurance brokerage and consultancy and part of the Aon group.
IHI Group is an advisory firm specialising in financial planning, healthcare and general insurance needs.
Founded in 1969 as PM Brennan Ltd, IHI Group offers employee benefits, financial planning, health and general insurance needs.
The business has remained in the Brennan family, with brothers Philip and Patrick serving on the board of directors.
Under the terms of the deal, Philip Brennan, CEO of IHI Group, will join NFP as VP business development. Patrick Brennan, VP health and wellbeing, and Tommy McGowan, senior health executive, will also report to Colm Power, managing director of NFP in Ireland.
"As we strengthen our presence in Ireland, we find it crucial to further develop our expertise and capabilities in the health and wellness benefits space," Colm Power said.
"IHI Group is a leader in Ireland's health insurance broking industry, and the addition of their team will enable us to deliver best-in-class consultancy, advice and solutions to our clients," he added.
"We are delighted to be joining NFP and look forward to the advantages this will bring to our clients," Philip Brennan said today.
"Over the years, we've expanded our business and built client relationships by offering an exceptional level of service and expertise. Becoming part of NFP is a great next step for our family's company," he added.
