AFH is seeking to acquire more firms. After taking a break from acquisitions since September, when Gunner & Co. advised them on the acquisition of Broadleaf, AFH is back on the acquisition trail and actively looking for firms to add to its 50 previously purchased businesses.
Ths message echos much of the buyer community, who are still open for acquisition opportunities, despite the current market volatility.
John Wheatley, AFH chairman, said: “The success of 2019 has continued into the first four months of this financial year with revenues and fund inflows recorded at Q4 2019 levels.
“We expect the growing requirement for professional financial planning to accelerate in the future and for the consolidation within the sector to continue as commercial factors and regulatory requirements encourage a smaller number of larger businesses to dominate the sector.”
In a market update from AFH, the firm stated: “Following a period of consolidation and whilst continuing to focus on cash generation and the organic growth of the business, the group remains open to executing further acquisitions should suitable opportunities present themselves, with a focus on smaller IFAs and larger businesses where the majority of advisers are employed or equity participants in the target company.”
Gunner & Co. work closely with AFH on their acquisition strategy. If you would like to understand more about selling your business to AFH, contact email@example.com