Skerritts are Independent Financial Advisers and Wealth Managers with their head office in Brighton and Hove. In March 2021, Sovereign Capital Partners, a UK Private Equity Buy & Build specialist completed a significant investment in Skerritts worth £55 million. The objective of the investment is to develop and expand the business through a strategy of organic and acquisitive growth.
Previously, Skerritts had made nine acquisitions but with Sovereign’s backing, a more ambitious plan to grow was introduced. In March this year, Skerritts completed two further acquisitions with the purchase of Geoffrey Craig Limited (‘Geoffrey Craig’) and Saffron Wealth Management, growing assets under management by circa £150 million. This week, another acquisition was completed with the purchase of City-based Chartered IFA Firm Bradbury Hamilton.
Richard Skerritt, CEO of Skerritts says: “We are delighted to have Sheriar and his team join us as part of the group, as we continue our ambitious growth plans. The purchase of Bradbury Hamilton not only brings in a great team of people, and a very strong client bank, but also gives us a strategically important City office, that we will invest heavily in to expand further.”
Sheriar Bradbury, MD of Bradbury Hamilton says: “These are exciting times for us, and we will gain many benefits from being part of the Skerritts Group. Everyone at Bradbury Hamilton is very excited by this new chapter and together with Skerritts we plan to grow the London Office over time.”
The purchase of Bradbury Hamilton brings in an additional £330 million of AUM. On the back of the deals completed so far in 2022, this is the next in a busy pipeline of acquisitions Skerritts are looking to complete this year.
Richard Skerritt says: “We are finding that our approach to clients and staff resonates with IFAs where the primary focus is to ensure that their clients are well looked after going forward. We have a number of interesting conversations progressing at the moment, so watch this space.”
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