The independent insurance brokerage MatErh, 50% owned by the family-owned business groups Palladium Hotel Group and Grupo Erhardt, announces theintegration of Balanzea, a Galician brokerage specialized in the construction sector and in risk management solutions for companies.
With this transaction, MatErh continues to develop its growth and sector-specialization model, moving forward with the execution of its 2025–2028 Strategic Plan, which combines organic growth with an active policy of selective acquisitions in strategic segments. The company’s objective is to reach €80 million in managed premiums by 2028, consolidating its position as one of the leading independent brokerages in the Spanish market.
Balanzea has built a strong reputation in the market as an insurance brokerage specialized in sectors such as construction, surety, fleet management, the food industry, and Public Administration. Headquartered in Vigo, it operates throughout Spain and also supports its clients in their international expansion processes.
“The integration of Balanzea is a consistent step in line with our strategy of specialization and geographic focus, always maintaining our purpose of staying close to the client,” says José María Erhardt, CEO of MatErh.
According to Ramón Quiroga, Director of Balanzea, “joining MatErh is an opportunity to grow without losing our essence, sharing a vision based on proximity and specialization.”
With the integration of Balanzea, MatErh takes another step forward in its goal of consolidating itself as a benchmark in risk management, advancing its growth and specialization with a long-term vision of permanence and sustainable value creation. True to its principle of investing to grow, not to sell, the company remains open to new alliances with brokerages that share the same philosophy of permanence, specialization, and value creation.
