Pensions and employee benefits firm Broadstone is to acquire York-based consulting actuaries H&C.
The deal, for an undisclosed sum, will see H&C’s team of more than 20 pension professionals join Broadstone.
Broadstone says it will retain H&C’s York office and plans to expand it. The deal increases Broadstone’s footprint in the North where it plans to grow.
Broadstone offers consultancy services on pensions, employee benefits and investments.
The acquisition is expected to complete later in Q1 and will mean H&C’s team joining Broadstone’s Consulting and Actuarial division.
H&C was founded in 1999 and has a team of consultants serving corporate and trustee clients. H&C clients will have access to a wider range of services after the takeover, Broadstone said.
Broadstone’s Consulting and Actuarial division advises over 350 Trustee Boards including their pension schemes and sponsors.
Tony Gusmao, CEO at Broadstone, said: “I am delighted to welcome the H&C team and its clients to Broadstone and am looking forward to working with them to build on our York-based business.
“The H&C team’s focus on high-quality service and value for money for clients makes it a natural fit within the Broadstone Group.”
Gary Hatch, partner at H&C Consulting Actuaries, said: “At H&C we take pride in the first-class service we offer clients, many of which are long standing, and helping them achieve their pension goals. Equally, treating our staff well and enabling them to succeed is very important to us. Broadstone shares these values, and we are delighted to have chosen them as our partner.”
