Penrith financial services firm acquires local rival
Thu, 05 Oct 2023 | BUSINESS SALE
Penrith-based financial services firm Armstrong Watson Financial Planning has acquired local rival 3G Financial. The acquisition comes as a result of 3G’s long-time owner Charles Graves deciding to step back from the business.
Graves, who has 45 years’ experience in financial services and has headed 3G Financial for 16 years, said that Armstrong Watson would be a good fit for the firm's clients and would continue to provide a high level of advice and service. Post-acquisition, Graves will continue to support the Armstrong Watson team, in order to ensure a smooth transition for the business’ clients.
Armstrong Watson, which is headed by MD Stewart Crockett and has been providing financial advice for over 50 years, is headquartered in Penrith, Cumbria and has a 55-strong team, including 19 independent financial planning consultants, across 16 offices.
Stewart Crockett commented: "We look forward to welcoming the clients of 3G Financial and ensuring that they continue to receive the highest quality of financial advice, whilst also benefiting from access to Armstrong Watson's full remit of services, including personal and corporate tax, alongside our full accountancy propositions as and where required."
Charles Graves said: "Armstrong Watson is a very natural choice - its wealth management and financial services are well respected, and I have confidence that the skilled team will look after my financial services clients well."
Read more on M&A trends in the financial services industry
Find out why post-deal integration is the most vital stage of the M&A process
Share this article
Latest Professional and Financial Businesses for Sale
Chartered Architects Practice
London, UK
Provides full and partial architectural services based on RIBA work stages 0–7. Able to advise on development potential of sites. Close relationships with local authorities enabling the provision of advice on local and national planning policies and...
LEASEHOLD
ICT Support & Consultancy Services
UK Wide
The business currently provides its services to 22 active clients providing circa 40% contracted revenue. Two out of three shareholders wish to remain with the business, the Managing Director is looking to retire and would need the following roles re...
LEASEHOLD
Well-Reputed Employment Business
UK Wide
The company provides temporary, permanent, and headhunting recruitment services to the aviation, space, and defence industries, offering a complete solution. Priding itself on its high level of in-house knowledge and expertise, the company has an est...
LEASEHOLD