Private equity firm Livingbridge is to acquire Broadstone Corporate Benefits and Broadstone Risk and Healthcare Ltd from Oakley Capital.
Broadstone provides pensions, employee benefits, actuarial and investment services advice to small and medium sized employers, pension scheme trustees and individual pension scheme members.
Livingbridge aims to help Broadstone increase in scale and widen its offerings by supporting the management team’s growth strategy and making selected acquisitions.
Mark Howlett (pictured), chief executive of Broadstone Corporate Benefits, said: “This [transaction] will allow Broadstone to continue on its growth trajectory by consolidating businesses that share the same ethos for excellent client service. The benefits will be felt by our clients, employees and prospects alike. We look forward to an exciting future with Livingbridge.”
