Broadstone has agreed to acquire H&C Consulting Actuaries for an undisclosed amount, with the transition expected to complete later in Q1 2023.

The acquisition will see H&C’s York based team join Broadstone’s consulting and actuarial division, with this approach expected to ensure a “seamless transition” for H&C clients, who will be looked after by the same people.

Broadstone also stated that the transaction will increases its footprint in the north of England, highlighting this is an area with "significant opportunities to grow", with H&C’s team of more than 20 pension professionals expected to bring a strong presence.

Commenting on the deal, Broadstone CEO, Tony Gusmao, stated: “I am delighted to welcome the H&C team and its clients to Broadstone and am looking forward to working with them to build on our York-based business.

“Broadstone is focused on offering excellent service and, when opportunities arise, investing in complementary businesses that our platform can help to grow. The H&C team’s focus on high-quality service and value for money for clients makes it a natural fit within the Broadstone Group.”

Adding to this, H&C Consulting Actuaries partner, Gary Hatch, stated: “At H&C we take pride in the first-class service we offer clients, many of which are long standing, and helping them achieve their pension goals.

“Equally, treating our staff well and enabling them to succeed is very important to us. Broadstone shares these values, and we are delighted to have chosen them as our partner.”

The deal is the latest in a number of acquisitions by Broadstone, including the acquisition of Midlands-based actuarial and scheme administration provider, Quattro Pensions, in 2021, as well as the acquisition of Charterhouse Consultancy book of clients in 2022.

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