Jelf bought Clark Thomson for £23.3m cash
Company results also showed £5.6m of deferred costs payable if performance criteria are met.
Jelf’s results for the full year 2017 have revealed the cost of its Clark Thomson acquisition.
Jelf, which was itself bought by Marsh in 2015, purchased the Perth-based business in order to gain a better slice of the insurance business in Scotland.
It was the first deal for Jelf since the £258m takeover by Marsh and saw the business spend £23.3m cash on Clark Thomson and set aside £5.6m in deferred costs if Clark Thomson hits certain targets.
The results, which were for a 12 month period
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