Broadstone Group, one of the UK’s leading employee benefits and pensions consulting businesses, has acquired Midlands-based Quattro Pensions to support its growth in the occupational pension schemes market.
Quattro Pensions has been providing actuarial and scheme administration services since July 2002 and currently supports over 120 clients, including the Pension Protection Fund (PPF). As well as creating enhanced scale (taking the combined headcount to nearly 550), Quattro’s location in the Midlands and the support it provides to the PPF enhance and complement Broadstone’s existing geographical reach and service offerings.
Commenting on the acquisition, Nigel Jones, Head of Consulting and Actuarial Services at Broadstone, said: “I have worked professionally with the leadership team at Quattro for many years and know that the way that the business operates aligns closely to our own values. This strong starting point will enable our two business to come together without any disruption to existing clients and staff.” Jones further remarked that “the established relationship that Quattro has with the PPF, combined with our ability to add scale and efficiency, will create an excellent platform to bring the personal service that Quattro already provides to a significantly wider membership.”
Andrew Allsopp, Founder Director, from Quattro Pensions added: “We have enjoyed building our business over the last 20 years and have judged that now is the right time to enhance our offering to our clients by teaming up with such a dynamic and well-respected business. We believe that becoming part of the Broadstone Group will be good news for all of our clients and 100 employees who will all benefit from the advantages gained from working with a national market leader who shares our existing values.”
Liz Loosmore, Founder Director, also from Quattro confirmed that: “We’ve worked exceptionally hard since 2012 to create a highly-respected relationship with the PPF ensuring that pension scheme members get proper support at a time of great need. Finding a partner who shares our values was, therefore, particularly important to the Quattro leadership team.”