Consolidator Kingswood doubles advice business with £18m Yorkshire IFA acquisition
Paid £17.75m
“We have a robust pipeline of further acquisition opportunities in the UK and US that we are reviewing; and we have three transactions under exclusive due diligence in the UK" - Kingswood's Gary Wilder.
Consolidator Kingswood Holdings has bought North East adviser firm Sterling Trust Financial Consulting for £17.75m, which will be paid over a three-year period.
Sterling Trust is headquartered in Hull and has four satellite offices in Darlington, Newcastle, Sheffield and York. It employs 48 people, including 22 advisers advising on £1.2bn assets under management...
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