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Clark Thomson, established back in 1965 with headquarters in Perth, has more than 200 employees across offices in Dundee, Inverness, Oban, Nairn, Thurso, Elgin, Kirkwall and Glasgow. It provides insurance broking services to SMEs with a particular focus on renewable energy, agriculture, food and drink, and retail, as well as personal lines. Now it is set to combine its business with Jelf in Scotland – the combined business will, subject to regulatory approvals, be led by Ben Bailey, managing director of Clark Thomson, as well as a management team from across the two firms.
“This deal is great news for our clients and colleagues alike,” said Bailey. “Through Jelf, our clients will have access to a wider range of services and solutions, while colleagues will benefit from being part of Marsh’s wider global network. I look forward to bringing Jelf and Clark Thomson’s operations together, and building the leading advisory business in Scotland.”
“This is a highly significant transaction that underlines Jelf’s commitment to building the leading community based advisory business across the whole of the UK,” added Phil Barton, CEO of Jelf. “Through the acquisition of Clark Thomson, we are significantly broadening our geographic reach while also building on our capabilities in sectors that are vital to the Scottish economy, such as agriculture, food and drink, retail, and hospitality and leisure.
“The transaction brings together two leading community brokers with well-established offices in complementary locations across Scotland. The combined business will offer clients a compelling proposition across a wide range of insurance, risk management and employee benefits services and solutions.”
The transaction is expected to close in the second quarter of the year – terms were not disclosed.
