Wed, 30 Dec 2020 | BUSINESS SALE
Fairstone Financial Management has continued its acquisitive year with a deal for Bristol and Bath-based financial planning firm Sovereign Wealth Management. The deal sees Fairstone acquire 1,500 clients, eight advisers and gross fee income of £1.25 million.
The move represents Fairstone’s tenth of the year, all part of its downstream buy-out (DBO) model, through which it acquires a stake in a firm, before integrating the target over a period of around two-years and then completing the purchase.
Fairstone Chief Executive Lee Hartley said: “We are delighted to complete the final acquisition of Sovereign Wealth Management, having worked hand-in-hand with them throughout the integration phase.”
“The team is a strong cultural fit for Fairstone, with high quality individuals who really care and put clients at the heart of what they do.”
Sovereign Wealth Management company principal Marcus Harris added: “I am pleased to have integrated the company with such a forward-thinking and client-focused firm as Fairstone. We look forward to continuing to deliver first-class service to our clients as part of the Fairstone family.”
Regarding the company’s DBO acquisition model, Lee Hartley said: “Our unique downstream buy-out model is continuing to yield impressive results and is attracting a series of high quality firms into our fold.”
Hartley added that the firm was in a “superb position to deliver continued growth” over the coming years.
Find businesses for sale here.
If you are looking for an exit, we can help!
This is a prime opportunity to acquire a leading provider of environmental noise and air quality services with a robust presence in both Northern Ireland and the Republic of Ireland.
This is a highly profitable law firm located in South East England with an attractive profit margin and the current owners offering consultancy services post-sale, it presents a unique opportunity for a seamless transition.
This highly profitable law firm in West Lancashire boasts a substantial will bank of 3,000, providing a solid foundation for continuing revenue streams.
15
|
Sep
|
Mears Group acquires housing compliance firm in £9.5m deal | BUSINESS SALE
Pennington Choices Group Limited (PCL), a social housing com...
15
|
Sep
|
Future of Bristol sheet metal fabricator secured with acquisition | BUSINESS SALE
A longstanding sheet metal fabricator based in Bristol has b...
15
|
Sep
|
Materials handling firm acquires furniture skate manufacturer | BUSINESS SALE
BIL Group, a Wiltshire-based manufacturer of materials handl...
15
|
Sep
|
Materials handling firm acquires furniture skate manufacturer | BUSINESS SALE
BIL Group, a Wiltshire-based manufacturer of materials handl...
15
|
Sep
|
Future of Bristol sheet metal fabricator secured with acquisition | BUSINESS SALE
A longstanding sheet metal fabricator based in Bristol has b...
15
|
Sep
|
Mears Group acquires housing compliance firm in £9.5m deal | BUSINESS SALE
Pennington Choices Group Limited (PCL), a social housing com...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.