The firm which was established almost 40 years ago, provides specialist products and services to both commercial and private clients across the UK, with specialisms including renewable energy, social housing, and property insurance.
Bruce Stevenson has offices in Edinburgh, Glasgow, the Scottish Borders and Turriff. The firm is “one of only a small number of Scottish brokers with CII Chartered status”.
As part of the deal, the Bruce Stevenson brand will be maintained for the “foreseeable future” with Edward Bruce, CEO, leading Aston Lark’s Scottish operations, including their existing team in Glasgow.
Aston Lark has said it will also look to “further develop its presence in Scotland with future acquisitions and natural expansion”.
Peter Blanc, Aston Lark Group CEO, 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.”
Edward Bruce, Bruce Stevenson CEO, added: “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.”