Ardonagh boss predicts busy but less frenzied M&A market in 2025
Ardonagh Advisory leader Phil Bayles has achieved his goal of completing 12 deals in 2024, with plans for approximately six more in the coming year. The chief commercial officer had set a target of one deal per month at the beginning of the previous year. Despite surpassing this target, Bayles emphasizes the significance of the quality of assets acquired and their subsequent performance post-acquisition.
In 2024, Ardonagh was involved in eight broker deals in the UK, alongside book acquisitions, additions to Managing General Agents (MGAs), and undisclosed purchases, collectively achieving the milestone. The firm’s success in meeting its targets reflects a positive outlook for the future.
Bayles expressed satisfaction not only with the quantity of deals but also with the caliber of the assets obtained and their performance upon integration into the Ardonagh portfolio. This strategic approach has positioned the company for continued growth and success in the market.
Emphasizing the importance of strategic acquisitions, Bayles highlighted the value of focusing on assets that align with the company’s long-term objectives. By acquiring businesses that complement Ardonagh’s existing operations, the company can enhance its overall offering and expand its market presence.
The success achieved by Ardonagh in 2024 is indicative of the company’s strong position in the market and its ability to capitalize on opportunities for growth. By remaining focused on strategic acquisitions and maintaining a commitment to quality, Ardonagh has established itself as a key player in the insurance industry.
Looking ahead to 2025, Bayles anticipates a busy market for mergers and acquisitions, albeit with a slightly less frenzied pace compared to previous years. The company’s robust deal-making strategy, coupled with a focus on quality over quantity, positions Ardonagh for continued success in the evolving insurance landscape.
As Ardonagh continues to pursue its growth strategy, the company remains dedicated to providing exceptional service to its clients and delivering value to its stakeholders. By leveraging its expertise and resources, Ardonagh is well-positioned to navigate the changing market dynamics and emerge as a leader in the insurance industry.
Overall, Ardonagh’s focus on strategic acquisitions, quality assets, and long-term growth objectives sets the stage for continued success in the coming year. With a solid foundation in place and a commitment to excellence, Ardonagh is poised to achieve its growth targets and maintain its position as a key player in the insurance sector.
