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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Lync Wealth Management acquires two Belfast advice firms

Lync Wealth Management acquires two Belfast advice firms

Carleton Financial Planning and RJ Savage Asset Management

Isabel Baxter
clock 03 September 2026 • 2 min read
M&G's PruFund set for second platform launch

M&G's PruFund set for second platform launch

Expected third-party launch later this year

Isabel Baxter
clock 03 September 2026 • 2 min read
Brooks Macdonald reports £29m pre-tax profit after two-year transformation programme

Brooks Macdonald reports £29m pre-tax profit after two-year transformation programme

Wealth manager reports ‘strong progress’

Jenna Brown
clock 03 September 2026 • 2 min read