Goldman-backed Aston Lark buys Bruce Stevenson

Bruce Stevenson CEO Edward Bruce

Aston Lark, the chartered insurance broker backed by Goldman Sachs, announced it has continued its rapid expansion through the acquisition of Bruce Stevenson Insurance Brokers.

Established 40 years ago, Bruce Stevenson is the largest independent insurance broker in Scotland, providing specialist products and services to both commercial and private clients across the UK, with specialisms including renewable energy, social housing and property insurance.

“With offices in Edinburgh, Glasgow, the Scottish Borders and Turriff, Bruce Stevenson is one of only a small number of Scottish brokers with CII Chartered status,” said Aston Lark.

“Bruce Stevenson is also a founder member of UNA Alliance, a national alliance of independent brokers, and the only Scottish company within the alliance.”

The Bruce Stevenson brand will be maintained for the foreseeable future.

Bruce Stevenson CEO Edward Bruce will lead Aston Lark’s Scottish operations, including their existing team in Glasgow, and Aston Lark said it will look to further develop its presence in Scotland with future acquisitions and natural expansion.

Aston Lark Group CEO Peter Blanc said: “When we first started on the Aston Lark journey, Stuart Rootham and I agreed that Bruce Stevenson would be the perfect partner for us in Scotland.

“Edward and his team have a fantastic reputation and we couldn’t be more proud that they’ve chosen Aston Lark as their home.

“I’m particularly delighted that Edward and his senior management team have chosen to invest part of their sales proceeds into Aston Lark as a sign of their long-term commitment to the group.”

Bruce said: “I’ve known Stuart and Peter for many years and over that time developed a close personal relationship and an understanding of shared business values and aspirations.

“After 40 very successful and happy years, joining the Aston Lark team will allow Bruce Stevenson to expand at an even faster rate.

“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.

“I look forward to the Bruce Stevenson team continuing to deliver the same high quality service proposition to our clients.”