PIB buys beauty specialist Balens
PIB has added Worcestershire-based broker Balens to its portfolio adding health, wellbeing, fitness and beauty insurance to its list of specialisms.
The investment, which is undisclosed includes Balens in the UK and the wholly owned subsidiaries Balens Europe which is based in the Netherlands and regulated by the AFM (therefore pending regulatory approval).
The move also adds Balens Insurance Finance Services to the PIB list of deals.
PIB detailed that Balens is a fourth generation family run establishment and boasts a 72-year trading history and is one of the largest brokers of its kind in the UK.
ExpertiseBrendan McManus, CEO for PIB
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