PE-backed Skerritts snaps up Horsham-based planning firm

Second acquisition of 2023 follows January’s Equinox Wealth deal

Jenna Brown
clock • 1 min read

Skerritts, the private equity-backed financial advice business, has completed its second acquisition deal of the year with the purchase of Horsham-based Mercier Allen & Associates.

Skerritts, based in Brighton, said the deal would add £73m of assets under management and extend its presence in the region as the group continued with its accelerated growth plan. The group secured £55m in funding from Sovereign Capital Partners in March 2021 with the view to significantly expanding the group through organic and acquisitive growth. The IFA and wealth manager had previously made nine acquisitions but a more ambitious growth plan was put in place following the investment. Skerritts completed four acquisitions in 2022, adding new offices in Kent, Hampshire and London...

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