Towergate Continues Scottish Expansion through Acquisition of
McAra Associates Limited
Towergate Partnership today announces the acquisition of
Scottish insurance broking firm, McAra Associates Limited. Under
the deal, all staff and directors have made the move to Towergate.
The team will continue to be led by Managing Director, Stewart
McAra based in Aberdeen.
Established in 1984, McAra Associates Limited is a leading
regional broker in the North East of Scotland with a strong
commercial and personal lines business. The company has a
particularly strong construction, oil and gas client base.
This acquisition is part of Towergate's exciting expansion plans
for Scotland where it already has a significant presence. Towergate
acquired J W Group in April 2007, a long established business with
six offices based in Edinburgh, Glasgow, Kirkcaldy, Berwick,
Jedburgh and Galashiels.
Peter Cullum, Executive Chairman of Towergate said, "This is
another great signing for Towergate in Scotland where we continue
to build our coverage. This year will see us embark upon an
ambitious programme of further strategic acquisitions and strong
organic growth."
Stewart McAra, Managing Director of McAra Associates Limited
said, "We're delighted to be joining the Towergate family and to be
part of its exciting expansion plans for Scotland. I’m particularly
looking forward to building our presence in the North East of
Scotland and the Northern Isles where we have many years experience
of working with both commercial and personal lines clients."
Media Contacts
Russell O'Connor
Group Communications Manager
Towergate
Tel: 01622 656782
Mobile: 07760 282586
Email: Russell.o'connor@towergate.co.uk