Broadstone agrees to acquire H&C Consulting Actuaries

16 February 2023 3 min. read
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Pensions, employee benefits, and investments consultancy Broadstone has agreed to acquire H&C Consulting Actuaries, for an undisclosed fee. The independent firm of consulting actuaries will bolster Broadstone’s footprint in the North of England, as it looks to expand its UK presence with a string of acquisitions.

H&C Consulting Actuaries was founded in 1999, and is based in York. The firm boasts an experienced team of more than 20 consultants, which delivers high-quality, cost-effective pension advice to a diverse range of corporate and trustee clients.

Looking ahead, H&C hopes that the move will improve both its strength and depth, while putting it in contact with new clients across Britain. The move will mean H&C’s clients and staff will have access to a broader range of services from a larger business, while also enabling it to grow its headcount.

Broadstone agrees to acquire H&C Consulting Actuaries

Gary Hatch, Partner at H&C, commented, “At H&C we take pride in the first-class service we offer clients, many of which are long standing, and helping them achieve their pension goals. Equally, treating our staff well and enabling them to succeed is very important to us. Broadstone shares these values, and we are delighted to have chosen them as our partner.”

Broadstone’s Consulting and Actuarial division is a trusted adviser to over 350 Trustee Boards including their pension schemes and sponsors. The deal, which is expected to complete later in 2023’s first quarter, will see H&C’s team join Broadstone’s Consulting and Actuarial division – strengthening its offering in the North of England particularly, where it sees significant opportunities to grow.

Tony Gusmao, CEO at Broadstone, commented, “I am delighted to welcome the H&C team and its clients to Broadstone and am looking forward to working with them to build on our York-based business. Broadstone is focused on offering excellent service and, when opportunities arise, investing in complementary businesses that our platform can help to grow. The H&C team’s focus on high-quality service and value for money for clients makes it a natural fit within the Broadstone Group.”

Founded in 1989, Broadstone is home to more than 500 consultants and administrators. It advises over 1,000 clients in pensions, employee benefits and investments decisions – something it has ramped up capacity for dramatically in the last five years.

A raft of deals have seen Broadstone expand its headcount and expertise. These include deals for Mitchell Consulting and 2020 Trustees, CS Financial Services, and BBS Consultants & Actuaries. In the following period, Broadstone has worked to integrate such arrivals into its main brand.

This change is something Broadstone sought to emphasise at the turn of the year, when it launched a refreshed corporate identity. The new identity aims to reflect the confidence and capabilities of “a unified Broadstone”, as it looks to promote future growth.