Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Fairstone completes double acquisition

Fairstone completes double acquisition

Tue, 28 Jan 2020 | BUSINESS SALE



Tyne and Wear-based consolidator Fairstone Financial Management has completed the double acquisition of Hamlyn Financial Services and Wagstaffs Wealth Management.

The two purchases see Fairstone add £263 million in funds under management to its business and consolidate its presence in Norfolk and Hertfordshire.

Swaffham-based Hamlyn Financial Services specialises in pensions and investments. Its acquisition adds 2,500 clients, six advisers, seven support staff and £113 million in funds under management to Fairstone’s business along with gross fee income of £830,000.

Stevenage-based Wagstaffs Wealth Management is a specialist in holistic financial planning and its acquisition brings 330 clients, three advisers and four support staff to Fairstone, along with £150 million in funds under management and gross fee income of over £1 million.

The deals represent a continuation of Fairstone’s downstream buy-out model, which sees it acquire a stake in an advice company, integrate it and then complete the buyout. Last year, Fairstone acquired eight financial advice firms through this model.

Describing the two new acquisitions as a “perfect fit” for its buyout model, Fairstone chief executive Lee Hartley said: “We are delighted to complete the final acquisitions of Wagstaffs and Hamlyn, having worked closely with them through our proprietary DBO programme.”

“Both Wagstaffs and Hamlyn are dedicated to quality service and like Fairstone, take a client centric approach to business. They also share our appetite to grow and develop, making them a perfect fit. Finalising these deals brings two more valued businesses into Fairstone and is a good start to our growth strategy for 2020."

"Finalising these deals brings two more valued businesses into Fairstone and is a good start to our growth strategy for 2020."


Share this article



Latest Businesses for Sale

Company Formation Agents & International Banking Specialist
Dorset, South West, UK

This is an exceptional opportunity to own a Company that has a substantial and desirable 25 year plus reputation. The Company is only for sale due to the overdue retirement of one of the owners. The Company has been an industry leader in its business...

Asking Price: £575,000
Turnover: £330,000

RELOCATABLE


Sales and Management Consultants
UK Wide

Provides face-to-face and online training courses, consultancy work and auditing of sales effectiveness. Services offered by the business allow clients to measure the performance of individuals within their organisations, which enables organisational...

Asking Price: Offers Invited
Turnover: £363,187

RELOCATABLE


Recruitment Consultancy within the IT Sector
UK Wide

Highly reputable recruitment consultancy fulfilling both permanent and contract vacancies within in the IT sector. Specialising in the IT sector the company has in-depth industry knowledge working closely with Higher Education Government and Healthca...

Asking Price: Offers Invited
Turnover: £6,250,000


View more businesses for sale

News Search

Latest News

 
27
 
Jun
 

Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION

Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

 
23
 
Jun
 

Auto Trader completes acquisition of Autorama at nearly 16x gross profits | BUSINESS SALE

Auto Trader has completed the acquisition of new vehicle lea...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
27
 
May
 

Fairstone makes latest acquisition in DBO model | BUSINESS SALE

Fairstone Financial Management has completed the acquisition...

 
30
 
Mar
 

Fairstone makes first acquisition of 2021 | BUSINESS SALE

Fairstone Financial Management has made its first acquisitio...

 
25
 
Feb
 

Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS

Acquisitive wealth management firm Fairstone Financial Manag...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.