Skerritts, a PE-backed chartered financial planning firm, has acquired two firms.
The purchase of Geoffrey Craig Limited, based in Kent, and Saffron Wealth Management, based in Eastbourne, adds £150m in assets under management to Skerritts.
Skerritts, based in London and Hove, has £1bn assets under management across 4,000 clients, with plans to expand nationally.
The acquisitions come after Skerritts received £55m in funding from buy and build PE firm Sovereign Capital Partners, in order to drive external growth.
Richard Skerritt, CEO, commented: “We are delighted to have completed these latest deals, adding great people to the team and helping us with our national growth strategy.
“Geoffrey Craig really builds on our presence in the South East and we are currently in advanced talks with a number of firms throughout the UK as we look to expand.”
“We believe that we are very different to the usual consolidator model in that we are looking to build on the high professional standards and client focus that has made Skerritts so successful over the years.”
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