Newly combined firm
Jelf acquires insurance broker Clark Thomson
The transaction is expected to close in the second quarter of the year. Terms were not disclosed.
Established in 1965, 200-employee Clark Thomson is headquartered in Perth and has offices in Dundee, Glasgow, Inverness, Kirkwall, Oban, Elgin, Thurso, and Nairn, serving the SME market.
Jelf, part of Marsh, has 3,000 employees and 250,000 mid-size and SME clients in 75 locations.
On completion, Jelf will combine its existing Scottish operations and Clark Thomson into a single business unit.
Phil Barton, CEO of Jelf (pictured above), said: “This is a highly significant transaction.
“Through the acquisition of Clark Thomson, we are significantly broadening our geographic reach whilst also building on our capabilities in sectors that are vital to the Scottish economy.”
Mr Bailey said Clark Thomson would benefit from being part of Marsh’s wider global network.
“I look forward to bringing Jelf and Clark Thomson’s operations together,” he said.