Broadstone to acquire BBS Consultants & Actuaries.

Livingbridge-backed Broadstone, employee benefits and pensions consulting businesses, agreed to acquire BBS Consultants & Actuaries, a technology-led, highly respected specialist firm of workplace pensions consultants, actuaries, investment advisers and administrators. Financial terms were not disclosed. “Above and beyond our continuing organic growth, our stated intent is to follow our ambitious acquisition strategy across the UK in order to reinforce our position in the national employee benefits and pensions consulting sector. With around 130 staff, excellent technology and some £5bn ($6.4bn) of assets under advice, the acquisition of BBS represents Broadstone’s most ambitious and strategically important acquisition to date and effectively doubles our scale in the actuarial consulting, investment consulting and pensions administration space," Grant Stobart, Broadstone Group CEO.