Established 50 years ago by Brian McGurgan in 1972, BMG Insurance had headquarters in Portadown with an additional office in Newtownbutler.
Today (June 9) AbbeyAutoline confirmed the acquisition of BMG Insurance has been completed with all jobs transferring to the new company.
What AbbeyAutoline said
A spokesperson for AbbeyAutoline said: “This acquisition arrives as AbbeyAutoline, which is part of the Prestige Insurance Holdings Group, continues its expansion strategy.”
“The company, created in 2020 after a merger between Abbey Insurance and Autoline, has quickly become a market leader in Northern Ireland and has plans to continue to grow its 430-strong team.
Having now completed the acquisition, AbbeyAutoline Managing Director, Julie Gibbons is looking forward to the months and years ahead as this deal forms a key part of the company’s overall expansion plans.
She said: “I am extremely thrilled to mark yet another significant milestone for AbbeyAutoline as we announce the acquisition of BMG Insurance today.
“Since the merger in 2020, our business has remained buoyant despite the unprecedented challenges presented by the pandemic, and we are continuing to look for the right opportunities to support our expansion.
Staff at BMG Insurance welcomed into AbbeyAutoline
“Not only does BMG Insurance has an excellent reputation within the insurance industry here in Northern Ireland and with its customers, but it has a strong team of 13 and we look forward to welcoming them to our company.
“It is a company which has a proven track record of forming lasting relationships with its customers and for offering excellent advice.
“These are values which are closely aligned to AbbeyAutoline’s and the acquisition is an exciting one for both parties,” said the AbbeyAutoline Managing Director.