Broadstone provides pensions, employee benefits, actuarial and investment services advice to small and medium-sized employers, pension scheme trustees and individual pension scheme members. They have offices in London, Sheffield and Falkirk, supporting clients across the UK.
Livingbridge’s investment is helping Broadstone build, scale and broaden its offerings by supporting the management team’s growth strategy and making selected acquisitions.
The chief executive of Broadstone said at the time of investment, “Our immediate plans are to focus on identifying the most suitable M&A partners to build on this growth, which in turn will help us achieve our future goal of becoming one of the leading employee benefit consultants for the mid-market arena. We look forward to an exciting future with Livingbridge."
A targeted acquisition strategy
- Since our investment, our corporate development team have supported Broadstone in the acquisition of both Mitchell Consulting and 2020 Trustees and CS Financial Services. These acquisitions mark significant steps in Broadstone's strategy to strengthen and extend its competitive offering in the employee benefits consulting sector.
- Broadstone's strategy aims to add further talent, geographical reach and scale, in order to serve both Broadstone's larger clients and the UK wide SME sector that is often poorly serviced by the larger consultancies.
- These two acquisitions have brought the number of the business' regional UK offices to six with other locations in London, Manchester, Sheffield, Nottingham and Falkirk.
“We are excited about the opportunity to work with Broadstone’s management team in building a leading force in the employee benefits space. We look forward to helping the business achieve organic growth and supporting it in making acquisitions.”
Xavier Woodward, Livingbridge
Broadstone established by a tax partner at BDO Stoy Hayward
Acquired by another private equity house
Livingbridge invest. CFO and chairman appointed to augment the senior team
Acquisition of Mitchell Consulting and 2020 Trustees
Acquisition of CS Financial Services