""Abry's long history of investing across the insurance and automobile ecosystems will help us further build on our company's legacy and expand the value we deliver to motorists across Ireland," he said."
""Together we will invest in innovation while ensuring our members continue to receive the high standard of service they expect from our brand.""
The amount paid to Allen was revealed in a filing published by AA Ireland on the Companies Registration Office (CRO). The filing also disclosed other staff bonuses ranging from €5,000 to €100,000, while amounts paid to key shareholders were not disclosed. Some non-shareholder staff had bonuses publicised in the CRO declaration. AA Ireland was sold to Abry Partners, a Boston-based private equity firm with insurance and mobility sector experience. The deal is set to bolster growth strategy, strengthen mobility and insurance offerings, accelerate rollout of new service centre locations and enhance digital capabilities. AA Ireland reported €71.6m revenue and €3.2m operating profit in 2023.
Read at Irish Independent
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