MLP Group strengthens corporate client business: Further acquisition in the Industrial Broker segment

• Industrial insurance broker Dr. Schmitt GmbH Würzburg – Versicherungsmakler (DSV) is the latest addition to the RVM Group
• The transaction boosts sales revenue in the Industrial Broker segment, which is represented in the Group by the RVM Group, to around EUR 30 million

Wiesloch/Würzburg, April 4, 2022 – On April 1, 2022, the RVM Group, a company of the MLP Group, acquired one hundred percent of the shares in DSV from the sole shareholder, HWT Invest AG. DSV is a broad-based industrial insurance broker with more than 50 years of expertise, in particular in the areas of healthcare and commercial properties. In 2021, the company, which employs some 85 staff, generated sales revenue of around EUR 6 million. The purchase price is in the low double-digit million euro range. With the purchase of DSV and the previous acquisitions, the annual sales revenue in the Industrial Broker segment increases to approximately EUR 30 million. The Industrial Broker segment is represented by the RVM Group, which has been part of the MLP Group since April 2021.

You can find more information in a press release issued by the RVM Group itself at https://www.rvm.de/aktuell/presse/

Download press release (138KB)