A financial planning and wealth management company based in Killarney is expanding and acquiring two firms in Kerry and Dublin.
Gallivan Financial says these acquisitions will increase its total assets under management to more than €650 million.
Gallivan Financial is majority-owned by the Gallivan family, who previously sold Gallivan Murphy Insurance Brokers to US-based Assured Partners in 2022; Gallivan Financial was not part of that transaction and has now embarked on a significant growth trajectory.
Gallivan Financial says it has signed agreements to acquire Tralee-based Kelly O’Shea Pensions & Financial Services and Dublin-based Mount Street Group for an undisclosed sum.
The Killarney-based company says with several additional exclusive deals, Gallivan is now on track to surpass €1 billion in assets under management by the end of this year.
The acquisition of Mount Street Group brings Gallivan’s wealth management business into the Dublin market for the first time.
Gallivan Financial says the acquisition of Kelly O’Shea Pensions & Financial Services, which was its fourth deal, strengthens its position in Kerry and further enhances its plans for significant growth in the Irish market.
Gallivan Financial previously acquired the Killarney-based broker, Vincent Casey Life & Pensions, and the Limerick-based financial advisory company FJ Hanly & Associates.
Mount Street Group currently manages more than €150 million in assets, while Kelly O’Shea Pensions & Financial Services has €40 million in assets under management.
The transactions are expected to complete within the coming weeks.
Gallivan Financial Managing Director, Fergal Smith says they are excited to welcome the Mount Street and Kelly O’Shea teams to Gallivan Financial. He says from the outset, it was clear that their shared values and commitment to client-focused advice were strongly aligned.
Gallivan Financial says it has other deals in the pipeline.
Gallivan Financial Managing Director Fergal Smith, Kelly O’Shea Managing Director Aidan Kelly, and Gallivan Financial Founding Director Tadgh Gallivan
