The Bristol-based firm Aspira has been acquired (subject to regulatory approval) by the national financial planning firm LEBC in a £5m deal. Aspira, which deals primarily in workplace pensions and wealth management, has over £500m in assets under management. LEBC has offices across the UK and its purchase of Aspira will bolster its presence in the South West.
Derek Miles, Aspira’s chief executive, commented on the transaction:
“I am delighted that Aspira will be joining the LEBC Group. As a business that has always focused on our clients and staff, finding a like-minded business is never easy. But in LEBC we have found the perfect partner. I am very much looking forward to bringing the two businesses together and to joining the senior management team at LEBC.”
Jack McVitie, LEBC chief executive says,
“We have known and admired Aspira for many years and this is a significant acquisition for LEBC as it strengthens us further through additional experienced personnel and geographic coverage. Aspira is a very good strategic fit and conducts its client relationships with the same integrity and commitment that we demand. I look forward to a successful integration and am delighted to finally have the opportunity to work with Derek Miles as a colleague and fellow shareholder.”
