Towergate Partnership today announces the acquisition of Scottish insurance broking firm, Money Wise (Scotland) Limited. Under the deal, all 15 staff and Directors have made the move to Towergate. The team will continue to be led by Managing Director, Bruce Law.
This is the latest acquisition made by Towergate in Scotland where it already has broking offices based in Glasgow, Aberdeen, Kirkcaldy, Berwick, Jedburgh, Galashiels, Inverness and Elgin. Money Wise (Scotland) Limited now becomes part of Towergate’s expanding presence in Scotland where it has ambitious plans for further acquisitions and organic growth.
Money Wise (Scotland) has offices based in Banff and Buckie. The business controls premiums of over £3.5m with a strong and well established commercial and retail client base.
Alan McEwan, Towergate’s Regional Managing Director said: “Money Wise (Scotland) Limited is another great addition to our team. It’s a first class business with a reputation for delivering great customer service to its clients. It’s also a great fit for us in Scotland where we will continue to grow through more acquisitions of quality broking businesses and recruitment of the best people”.
Bruce Law, MD of Money Wise (Scotland) Limited, said: “Towergate has ambitious plans for the broker market in Scotland which we want to be part of. The direction and vision which Towergate has for Scotland made it an easy decision for us to join forces with their team.”
