Aston Lark announced the acquisition of Bruce Stevenson Insurance Brokers. CEO Peter Blanc mentioned before that the broking group has a lot of deals in diligence for 2021 and the acquisition justified the statement.
Bruce Stevenson Insurance has offices in Edinburgh, Glasgow, the Scottish Borders and Turriff which were established approximately 40 years ago. The company provides special products and services to commercial as well as private clients across UK.
Commenting on the deal, Blanc noted that when he and Stuart Rootham (Aston Lark’s group MD) first commenced their Aston Lark journey, they agreed that Bruce Stevenson would be their ideal Scottish partner. He cited the strong reputation of Bruce and his team as being a key factor behind why the group was so pleased that the brokerage had chosen Aston Lark as its new home.
“I’m particularly delighted that Edward and his senior management team have chosen to invest part of their sales proceeds into Aston Lark,” he said, “as a sign of their long-term commitment to the group.”
CEO Edward Bruce said, “There’s lots of synergy in the cultures of Bruce Stevenson and Aston Lark, and specifically in the areas of client focus, staff welfare, and training & development – evidenced by the Chartered status and long-term insurer relationships of both. He also added, “I look forward to the Bruce Stevenson team continuing to deliver the same high quality service proposition to our clients.”
The acquisition will help Aston Lark to expand further in the Scotland more efficiently and easily. Aston Lark also mentioned that Bruce Stevenson Insurance will retain its brand for “the foreseeable future”.