Livingbridge-backed Broadstone acquires BBS

This marks Broadstone's fourth and largest acquisition in 2019 following the purchase of CS Financial Solutions, Thomson Dickson Consulting and 3HR Benefits Consultancy.

In 2010, Oakley Capital acquired 88.4% of the company, then known as BDO Investment Management, in a deal that valued it at £14m. Livingbridge acquired Broadstone in 2015 from Oakley. 

Broadstone reported revenues of £9.5m and EBITDA of £663,000 for 2018.

Company
Founded in 1997, BBS is a workplace pensions consultancy, actuary, investment advisory and administration company. It employs 130 people and has its headquarters in Bristol.

People
Livingbridge – Xavier Woodward (investment professional).
Broadstone Group – Grant Stobart (CEO).
BBS Consultants & Actuaries – Paul Bowden (managing director).

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• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom
• Livingbridge
• Build-up