Broadstone Corporate Benefits acquires Blythwood

Broadstone Corporate Benefits Limited ('BROADSTONE') has today announced the acquisition of Blythwood Group Limited ('Blythwood') subject to FCA approval.

BROADSTONE has acquired the business of Blythwood to further strengthen and grow its corporate benefits offering. It follows the acquisition of Pope Anderson LLP and the UBS Corporate Pensions businesses in the last twelve months.

Both BROADSTONE and Blythwood believe that the acquisition:

Combines the specialist skills and focus on excellence of client delivery from both organisations Presents an excellent market opportunity, providing greater scale as the industry continues to consolidate Gives both parties the ability to broaden the range of services on offer to clients. Following FCA approval of the acquisition, the Broadstone Group will employ 220 people across eight locations in the UK.

Commenting on today's announcement BROADSTONE Chief Executive, Mark Howlett explained:

The acquisition of Blythwood is a further step in our ambitious growth strategy in the corporate benefits arena. Blythwood's proven expertise and specialist skills will be a valuable asset to BROADSTONE and allow us to broaden the range of services we offer to clients. 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."

Derek Gray, Managing Director of Blythwood Group, commented:

"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. We very much look forward to working with BROADSTONE and being able to provide our clients with a broader range of appropriate services."

For press information contact Redleaf Polhill:

Jonathan Atkins +44 (0)20 7382 4752