Partners& expands into new market

CEO talks about "the perfect step"

Partners& expands into new market

Mergers & Acquisitions

By Terry Gangcuangco

Chartered insurance broker Partners& has forayed into Scotland via the MacDonald Group.

“We’ve been presented with an unrivalled opportunity to join forces with Phil Barton (pictured) and the wider Partners& team,” said MacDonald Group managing partner Ewan MacDonald. “Doing so will enable us to fulfil our ambition to be the leading advisory business in Scotland, by becoming part of an organisation whose aim is to be the best advisory business in the UK.

“The Partners& vision is so closely aligned with ours and will increase our capability to safeguard and serve our clients, particularly in these challenging times.”

Slated to be finalised in June, the exclusive agreement between the two will see the 50-strong MacDonald Group line-up come under the Partners& umbrella. The Scottish firm, which came to life in 1978, provides business insurance and personal insurance, as well as claims management.

Commenting on the expansion, Partners& chief executive Phil Barton noted: “In 2020, Partners& set out to establish itself as the best advisory business in the UK. Our strategy, laid out at the time, clearly stated our commitment to building a national footprint, and, with the appointment of Ross Dingwall, we specifically sign-posted our intention to establish a major presence in Scotland.”

“Since then,” continued Barton, “we have explored the market, identified MacDonald Group as our number one partner and began the process of building more insight into, and understanding of, this important and attractive market. I am thrilled that Ewan and the team at MacDonald Group share in that vision.

“Bringing MacDonald Group into Partners&, as the foundation stone of our Scottish plan, is the perfect step. I am hugely excited by our plans for growth, and look forward to building our business in Scotland through further talent recruitment and targeted M&A (mergers and acquisitions).”   

The key Partners& addition has offices in the likes of Arbroath, Benbecula, Edinburgh, Glasgow, Inverness, and Perth.

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