Greenwood Moreland snaps up Glasgow firm

Deal the largest since the business began on its growth path

Greenwood Moreland snaps up Glasgow firm

Mergers & Acquisitions

By Mika Pangilinan

From left to right: Robin Young (C&S), Sandy McArthur (C&S), Stuart McGregor (C&S), Andrew Weir (GM), Alan Johnston (GM), and John Donnelly (GM).

Greenwood Moreland has continued to grow its presence in Scotland by acquiring Calcluth & Sangster Insurance Brokers for an undisclosed sum.

The move represents Greenwood Moreland’s biggest acquisition since the company began on its growth path and is set to bring £6 million of gross written premium to the business.

As part of the transaction, the existing team at Calcluth & Sangster Insurance Brokers will join Greenwood Moreland, with both firms operating under the Greenwood Moreland brand within the JMG Group.

The acquisition also serves as a succession plan for Calcluth & Sangster Insurance Brokers, allowing it to leverage Greenwood Moreland’s enhanced trading and operational capabilities.

Glasgow-based Calcluth & Sangster Insurance Brokers provides commercial and personal lines insurance, in addition to specialising in club insurance. It was established in 1977 in Cardonald and employs a 16-member team.

Owner Stuart McGregor will lead the business as part of Greenwood Moreland, while co-owner Sandy McArthur will assist in transitioning client relationships over the coming year.

“When it came to selecting a business to invest in Calcluth & Sangster Insurance Brokers, we knew that Greenwood Moreland had the welfare of our staff in mind, which is very important to us,” said McGregor.

“Greenwood Moreland is a dynamic business with great people, solid market connections, and robust systems. I’m looking forward to taking the strong foundation we’ve built here over the years to the next level, while continuing to honour our family business values and ethos.”

Greenwood Moreland managing director Andrew Weir added: “It is a huge compliment that Stuart chose Greenwood Moreland and reinforces the hard work that has gone into building our reputation and ensuring that each deal we complete further enhances our company.

“Since Greenwood Moreland joined the JMG Group in April 2022, we have developed and benefited significantly, and I know that it will be the same for Stuart and his team. We are delighted to have them on board.”

Greenwood Moreland now operates from seven offices, including its newly acquired premises in Glasgow. The business provides general insurance solutions to both commercial and personal lines clients. It also specialises in serving the charity and faith sector.

What are your thoughts on this story? Feel free to share your comments below.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!