The business was established by the late William Creane. Following his retirement, Michael Mahon took over the role as managing director and “continued to grow and expand the company”.
Tony Doyle is the current managing director and his wife Olive and other family members are also active in the business.
As part of the deal, all 30 employees will remain under the ongoing leadership of Doyle and his management team. The Creane and Creane brand will also be retained.
It comes as PIB said it “intends to increase its reach in Ireland which will become a significant trading territory for further investment”.
Doyle said: “Our fantastic team has a genuine concern for our customers. We feel honoured that our customers come back year after year, and their loyalty is borne out of our commitment to provide a service that is second to none.
“Becoming part of a larger group was a big decision, and I’m very pleased to have found a new home through PIB who share the same values. Through PIB we will be able to pass further benefits onto our customers as well as our people.”
Brendan McManus, CEO for PIB Group, added: “I’m so pleased to extend the PIB arm around our new colleagues at Creane and Creane. This is a fantastic business with an amazing history, brilliant people and strong client base.
“It didn’t take us long to recognise the strength and brand presence that they have built over many decades, which made them an obvious choice for our first retail brokerage business in the Irish market.”