Skerritts is delighted to announce the acquisition of Chester-based financial planning firm, Chadwick McLean. This provides Skerritts with a presence in North West England as the group looks to accelerate its expansion in the region and nationally. The deal is brokered by Gunner & Co.
Headquartered in Hove, Skerritts is a chartered financial adviser and wealth manager. In March 2021, Sovereign Capital Partners, a UK private equity Buy & Build specialist, completed a significant investment worth £55 million to develop the business through a strategy of organic and acquisitive growth, which has seen the addition of new offices in Kent, Hampshire and London.
The purchase of Chadwick McLean adds £230 million of AUM, and brings the number of deals that the Skerritts Group has completed since the Sovereign investment up to eight.
Paul Feeney, CEO of Skerritts, says:
“I am delighted to welcome the great team at Chadwick McLean to the Skerritts family. This takes us one step closer to achieving our mission of becoming Britain’s premier chartered financial planner.”
John Chadwick, Director of Chadwick McLean, says:
“I have spent some considerable time looking thoroughly at potential companies that could ensure that we are fully resourced and are able to continue to offer the full range of services to our clients. It was obvious that Skerritts are the best choice for the safeguarding of our clients’ financial future. I will be continuing my career leading my workplace training company, Planned Future Wellbeing, and we will remain closely associated with Skerritts providing financial education services to employees throughout the UK”. ”
Commenting on working with Gunner & Co., John Chadwick says:
‘My experience in selling my IFA Practice with the help of Gunner & Co. has been second to none. Louise was kind enough to meet me face to face in London twice when I had started to think about succession including personally meeting my wife which helped put her mind at ease. After speaking to most of the UK’s leading IFA Brokers to consider a wide choice of options, I initially moved forward with a national consolidator who approached me directly. What followed was a slow and painful process doing Due Diligence and negotiating the SPA over an unbelievably slow 18 months only for the buyer to pull out before exchanging. This was extremely frustrating, and I then approached Josh from Gunner’s and told him about my requirements for the type of buyer I now wanted to engage with. Josh carefully took my needs and preferences into account and in very short order introduced me to six high quality firms who were interested in meeting with me. All the meetings were arranged seamlessly with Josh attending the initial meetings for support and I ultimately progressed with Skerritt’s who not only ticked all my boxes but moved the quickest to progress matters. I am pleased to say that we completed the sale to Skerritt’s at the end of November following a much shorter 9-month total timescale than my first experience. Having dealt with all the main UK IFA Brokers I found Gunner’s to be outstanding and I have no hesitation in recommending Louise and Josh as your first port of call if you are considering your options for your firm.’