TL Dallas, the independent insurance broking and risk management company, has reached an agreement to acquire Marsh Commercial’s business in the Highlands and Islands of Scotland. Terms of the transaction, which is expected to close in August 2024, were not disclosed.
Bradford-headquartered TL Dallas is a fourth-generation family firm, owned by its management and staff, and it has been in business for more than 100 years. The company has a team of over 165.
As part of the agreement, TL Dallas will acquire Marsh Commercial’s teams in Elgin, Inverness and Kirkwall, adding to its existing business in the Highlands and Islands.
Polly Staveley, Group Managing Director, TL Dallas, said: “The acquisition of Marsh Commercial’s business in Elgin, Inverness and Kirkwall represents a significant milestone for TL Dallas, as we continue with our strategy to serve local businesses with local teams, whatever their size. We see this as a major growth region for our business.”
Alistair Fraser, CEO, Commercial and Corporate, Marsh, added: “I am pleased that TL Dallas, with its strong presence in Scotland’s Highlands and Islands where it serves personal customers and SMEs, will be the new custodian of our offices there.
“As the UK’s leading risk and insurance specialist serving SME clients in over 40 offices, Marsh Commercial will continue to serve SME clients in Scotland through its offices in Aberdeen, Dundee, Edinburgh, Glasgow, Oban, and Perth.”
