Broadstone has acquired Bristol-based BBS Consultants & Actuaries for an undisclosed amount as it continues to expand its actuarial and consulting service.
The deal sees £5bn of assets under advice and 130 staff come under the Broadstone umbrella.
BBS Consultants & Actuaries is the consultancy's fourth acquisition of the year following the purchases of Liverpool firm CS Financial Solutions, Glasgow-based Thomson Dickson Consulting, and London firm 3HR Benefits Consultancy.
Broadstone chief executive Grant Stobart said the acquisition is the consultancy's "most ambitious and strategically important to date" and doubles the business' scale in the investment consulting and pensions administration spaces.
He added: "By acquiring BBS we welcome some of the finest pension and employee benefits professionals in the UK to our growing company and they will contribute hugely to our continuing growth and success in the years to come."
Broadstone will still follow plans for organic company growth but also intends to ramp up an "ambitious acquisition strategy."
Stobart said: "This will be across the UK in order to reinforce our position in the national employee benefits and pensions consulting sector."
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