Wealth management firm Skerritts has acquired London-based advice business Bradbury Hamilton for an undisclosed sum.
The acquisition adds £330m ($399m, €393m) to assets under management and comes several months after it bought IFA firms Geoffrey Craig and Saffron Wealth Management.
Skerritts is looking to complete more deals this year.
Chief executive Richard Skerritt said: “We are delighted to have Sheriar [Bradbury] and his team join us as part of the group, as we continue our ambitious growth plans. The purchase of Bradbury Hamilton not only brings in a great team of people, and a very strong client bank, but also gives us a strategically important [City of London] office, that we will invest heavily in to expand further.
“We are finding that our approach to clients and staff resonates with IFAs where the primary focus is to ensure that their clients are well looked after going forward. We have a number of interesting conversations progressing at the moment, so watch this space.”
PE-backing
In March 2021, Sovereign Capital Partners, a UK-based private equity buy and build specialist, completed a significant investment in Skerritts worth £55m.
The objective of the investment is to develop and expand the business through a strategy of organic and acquisitive growth.
Skerritts had made nine acquisitions prior to Sovereign’s backing.
This article first appeared on our sister publication International Adviser.
