Acquisitive Broadstone buys Blythwood

Acquisitive consultancy Broadstone Corporate Benefits has bought Blythwood Group, its third purchase this year, for an undisclosed fee.

The acquisition follows the acquisition of Pope Anderson LLP and the UBS Corporate Pensions businesses, both in the last 12 months.

The deal, which is subject to FCA approval, will mean the Broadstone Group will employ 220 people across eight locations in the UK.

Broadstone chief executive, Mark Howlett says: “The acquisition of Blythwood is a further step in our ambitious growth strategy in the corporate benefits arena. Today is an exciting moment in Broadstone’s history; it represents a significant step in the growth of this company and we look forward to working with our colleagues at Blythwood to ensure our corporate benefits offering goes from strength to strength.”

Blythwood Group managing director Derek Gray says: “I am delighted that we will be joining with Broadstone. We have considered this opportunity over a period of time and believe that the close alignment of business cultures and values will be extremely beneficial for both our clients and staff.”