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New Deal


Announced

Completed

Progeny completed the acquisition of Lewis Brownlee Financial Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financial planner

Diversified Financials

Completed

Domestic

Private

Majority

Single Bidder

United Kingdom

Acquisition

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Synopsis

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Progeny, a professional services firm, completed the acquisition of Lewis Brownlee Financial Services, a financial services provider. Financial terms were not disclosed. “This is an exciting time for both us and our clients. Joining Progeny will allow us to continue to flourish while remaining loyal to our founding principles and the ethics and values we have worked hard to embed in the business. Becoming part of a multi-disciplinary professional services firm will also allow us to increase the range of services we offer, bringing a new scale and scope that will present fresh opportunities for our clients and our team members," Steve Burns, Lewis Brownlee Financial Services Managing Director.

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