Announced
Completed
Financials
Tags
Life Insurance
Private
United Kingdom
medical insurance
Natural
Acquisition
Single Bidder
Majority
Domestic
Completed
Synopsis
Broadstone, an employee benefits software company, completed the acquisition of 3HR Benefits, an employee benefits services provider. Financial terms were not disclosed. “As part of our strategy to grow all areas of our business we must identify and then capitalise on emerging trends and opportunities. This is another outstanding acquisition for Broadstone and adds further scale in a buoyant sector. 3HR Benefits Consultancy is one of the UK’s leading providers of specialist IPMI and employee benefits services to Far Eastern groups operating in the UK and Europe and the respect and authority they have built up in this sector are very impressive. Acquiring this niche business with its quality client base and experienced staff will provide clients with access to Broadstone’s wider service offering," Grant Stobart, Broadstone Group CEO.
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