Livingbridge's Broadstone makes double bolt-on

Livingbridge did not provide any additional finance in order to support the acquisitions.

The bolt-ons will expand Broadstone's geographic footprint, with new locations in Manchester and Nottingham adding to its existing operations in Falkirk, London and Sheffield. It will also increase its overall headcount to around 170.

Following the deal, Mitchell Consulting CEO Nigel Jones will lead the consolidated consulting actuarial division of the wider Broadstone group.

The deal comes two years after Livingbridge acquired a majority stake in Broadstone from Oakley Capital.

Companies
Founded in 1998, Manchester-headquartered Mitchell Consulting Actuaries is a pension consultancy, administration and actuary firm.

Nottingham-based 2020 Trustees is the sister company of Mitchell Consulting. It is a pension trustee firm and works with distressed schemes and their sponsoring employers. The business is one of five firms on the Pension Protection Funds Trustee panel.

People
Broadstone – Grant Stobart (CEO).
Mitchell Consulting – Nigel Jones (CEO).
2020 Trustees – Antony Miller (CEO).

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