Capita Hartshead has acquired Gissings Consultancy Services (Gissings) for an undisclosed sum.
The move is intended to add further capacity and expertise to Capita Hartshead’s actuarial and pensions consultancy business, especially in London and the south-east.
Mike Addenbrooke, managing director at Capita Hartshead, said: “We are delighted to welcome Gissings to Capita Hartshead. Gissings has an excellent track record of providing innovative, cost-effective advisory solutions to its clients and there is obviously a great synergy in our styles of working. This acquisition will complement our existing services and enhance our market standing.
“Despite the current tough business environment, demand for our administration and consultancy services is increasing. By bringing an established, well-respected business into the Capita Hartshead fold, we are positioning ourselves for continued future growth in line with our business strategy.”
Malcolm Pearce, pensions operations director of Capita Hartshead, commented: “We are very excited about this acquisition which reinforces our growth strategy in the consulting area. We are looking forward to welcoming the Gissings team and working with them to integrate both the Capita Hartshead and Gissings offerings to all our clients.”
Gissings, which was established in 1970, employs around 50 staff and currently has offices in London. Gissings’ administration clients, currently administered under an outsourcing arrangement with HCL, will transfer to Capita Hartshead’s administration team.