XPS Pensions Group has completed the acquisition of the trade and assets of Austin Professional Resourcing (APR) for an undisclosed sum.

The acquisition of the consultancy, which specialises in advising insurers and financial institutions, was first announced in June 2026.

XPS said the deal would accelerate its diversification strategy into large tangential addressable markets, as it looks to grow its financial services consulting and administration provider capabilities.

APR was founded in 2006 and provides consultancy services to more than 45 insurers and financial sector clients.

It has more than 70 client-facing staff, which will combine with XPS Group’s existing Insurance Consulting team to provide greater scale and capabilities in delivering insurance consulting services.

The acquisition builds on XPS Group’s acquisition of UK insurance consultancy business Polaris in February 2025.

Commenting when the deal was first announced, XPS Pensions Group co-CEO, Paul Cuff, said: “We are delighted to announce our transaction with APR, and we look forward to welcoming our new colleagues to XPS.

“We have been admirers of the APR business for some time, with its strong culture, its highly talented people and its deep relationships in the insurance market.

“With this transaction, XPS will have doubled our total addressable market to £6bn+ in the space of less than two years, through strategic acquisitions and senior recruitment.

“We are very excited about what the future holds as we become a broader financial services firm providing outstanding client service to pension schemes and insurers alike.”

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