Belfast-based insurance broker Abbey Bond Lovis (ABL) has acquired a majority share in Newry firm Digney Grant for an undisclosed fee.
The deal, which has received regulatory approval, will see all 21 staff currently employed at Digney Grant keep their jobs.
It's the second transaction ABL has completed as it continues its ambitious growth plans in Northern Ireland.
Maurice Boyd, managing director of ABL, said: "We are delighted with this deal and look forward to welcoming Digney Grant's three directors, Anthony Boden, Sean Grant and Paul Grant and their 21-strong team to the group.
"We are looking forward to working in partnership with them and helping Digney Grant's significant growth plans.
"Digney Grant is a high-quality business with a strong reputation for excellent client service built up over 40 years of trading in its local marketplace.
"I'm confident their clients will see further benefits from new products and services."