January 20, 2021
Livingbridge exits Broadstone to ICG.
Broadstone offers coordinated, end-to-end pensions, trustee, and employee benefits solutions to SMEs and large corporates – helping them to navigate an increasingly complex regulatory landscape and evolving employee demands. Broadstone employs over 400 employees and manages over 1,500 clients, operating from nine offices across the UK.
Xavier Woodward at Livingbridge, said: “We are thrilled with Broadstone’s achievements over the past four years, during which time we have led a transformational growth strategy to create a leading force in the employee benefits sector. Our thanks go to the Broadstone management team who have not only executed the M&A to perfection, but grown the platform organically to fulfil the business’s potential. We wish the team every success with their new partners.”
Grant Stobart, CEO of Broadstone, added: “It has been a pleasure to work with the Livingbridge team over this period, during which we have built a business of scale with a strong industry profile, and a reputation for outstanding customer service. We look forward to a bright future with ICG as we continue the development of Broadstone and 20-20 Trustees during the next stage of their growth.”