SYS Group, a financial services company headquartered in Tipperary, has recently announced the acquisition of Global Life & Finance, a Cork-based broker. The undisclosed amount deal signifies a substantial expansion for the Tipperary firm and marks the latest in a series of acquisitions within the past year.
Founded in 2000 by CEO Seamus Fox, Global Life & Finance has established itself as a prominent financial broker in Cork city, managing around €100m in assets and serving over 1,000 clients in Cork, Kerry, Waterford, Limerick, and Galway. The acquisition of this company will elevate SYS Group’s total assets under management to surpass €500m, with an anticipated increase in the customer base to 8,500.
The acquisition aligns with SYS Group’s strategy to fortify its position in the Irish market and enrich its services. The company’s growth trajectory has been evident through the expansion of its operations following the acquisition of other firms such as Donald P McKenna & Associates and PGM Financial Services, both based in Dublin.
In the wake of the acquisition, Seamus Fox will assume a senior role within SYS Group and continue to play an active role in client management. The transaction has also resulted in an increase in SYS Group’s employee base, which now stands at 58.
Tony Delaney, CEO of SYS Group, has expressed enthusiasm about the acquisition, emphasizing the congruence in culture, strategy, and client portfolio between the two companies. He also extended a warm welcome to Seamus Fox, acknowledging the latter’s expertise and reputation in the industry.
Seamus Fox, in response, expressed confidence that the acquisition would enable Global Life & Finance to uphold its commitment to delivering exceptional service to clients, while leveraging the scale, expertise, and additional solutions offered by SYS Group.
Established in 2015, SYS Group has been steadily expanding its presence across Ireland, with offices in Dublin, Cork, Waterford, and its headquarters in Nenagh, Tipperary. The company’s growth and the recent acquisition of Global Life & Finance underscore its ambitions to solidify its position within the financial services sector.
This strategic move is anticipated to have a significant impact on the Irish financial services landscape, with SYS Group’s expanded capabilities and resources paving the way for enhanced offerings to its growing client base. The acquisition is a testament to the company’s commitment to providing top-tier services and driving innovation within the industry.