Financial institution Gallivan takes control of two companies, intending to expand its wealth management services, eventually managing €1 billion.
Gallivan Financial Expands Irish Wealth Management Footprint with Acquisitions
Gallivan Financial, a leading player in the Irish wealth management sector, has announced its acquisition of Mount Street Group in Dublin and Kelly O'Shea Pensions & Financial Services in Tralee. These deals, which mark significant milestones in Gallivan's growth strategy, are expected to boost the company's assets under management (AUM) to over €650 million.
The acquisition of Mount Street Group, which manages over €150 million in assets and serves more than 500 clients, marks Gallivan's entry into the Dublin market. This is the third major transaction in the last two years for the company, following the acquisitions of Vincent Casey Life & Pensions and Limerick-based FJ Hanly & Associates.
Kelly O'Shea Pensions & Financial Services, based in Tralee, Kerry, adds around €40 million in assets to Gallivan's portfolio, further strengthening its presence in the region.
Fergal Smith, managing director of Gallivan Financial, expressed his enthusiasm for the acquisitions, stating, "We see very significant opportunities for consolidation within the sector in the short to medium term." The company aims to reach €1 billion in AUM by the end of the year through further acquisitions.
Mount Street Group's founder, Marie Ainsworth, and Aidan Kelly, founder of Kelly O'Shea, made their decisions following careful consideration. Aidan Kelly will be staying with the company following the acquisition.
Gallivan Financial, majority owned by the Gallivan family, has not been involved in any acquisitions mentioned earlier in the article. The family sold Gallivan Murphy Insurance Brokers for more than €100 million in 2022.
The acquisitions are part of Gallivan Financial's expansion plans to become a significant player in the Irish wealth management sector. The firm is positioning itself as a major consolidator in the industry by combining local expertise and a growing, integrated wealth management platform.
With these acquisitions, Gallivan Financial now operates offices in Killarney, Limerick, and Dublin, expanding its national footprint. The company is on track to surpass €1 billion in AUM by the end of this year, reflecting its sustained growth strategy and ambitious expansion plans.
[1] Gallivan Financial Press Release, August 2025 [2] Irish Times, "Gallivan Financial Targets €1 Billion in Assets Under Management by Year-End," August 2025 [3] Business Post, "Gallivan Financial Acquires Mount Street Group and Kelly O'Shea," August 2025 [4] Irish Examiner, "Gallivan Financial Expands Irish Presence with Acquisitions," August 2025 [5] RTE News, "Gallivan Financial's Acquisition Spree Continues with Mount Street Group and Kelly O'Shea," August 2025
Gallivan Financial's expansion into Dublin's market through the acquisition of Mount Street Group is anticipated to bolster their investments and business operations in the financial sector. The aim is to further increase their assets under management (AUM) towards a billion euros, by strategically acquiring local wealth-management businesses like Kelly O'Shea Pensions & Financial Services.
