UK financial services consultancy Broadstone has secured a strategic growth investment from private equity firm Lovell Minnick Partners (LMP).
The deal, expected to close in Q2 2025 pending regulatory approval, positions Broadstone for expansion in key markets, including its newly formed Insurance, Regulatory & Risk unit.
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With more than 40 years of experience, Broadstone offers specific solutions like insurance consulting, actuarial consulting, employee benefits, and pension administration. The firm has 11 offices in the UK and employs 650 experts, including 85 actuaries.
Tony Gusmao, CEO of Broadstone, stated: “For more than four decades, Broadstone has upheld an intense focus on our clients, ensuring that we have the best team and technology in place to deliver best-in-class services across the UK. As we look to the future, LMP’s investment coupled with the firm’s deep experience helping professional services firms scale will allow us to accelerate growth and expansion of our offerings – particularly in our newly-formed Insurance, Regulatory & Risk unit – that will assert our position as a leader in the insurance actuarial consultancy space.”
Roumi Zlateva, Principal at LMP, added: “LMP was drawn to Broadstone for a multitude of reasons ranging from its client-centric approach to its track record of organic growth, and of course, our strategic alignment and excitement for the next chapter of its development. Broadstone has built a differentiated position in the market enabled by a highly capable and talented team, and we look forward to providing capital, guidance, and resources to continue that effort of scaling the business and positioning it for future success.”
Broadstone’s management team will retain significant ownership and leadership, ensuring continuity as the firm broadens its offerings.
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By GlobalDataFinancial details of the agreement were not disclosed.
