M and A
Deals Of The Day: The Latest In Wealth Management M&A – Old Mill
The latest M&A deals in wealth and asset management.
Old Mill
Old Mill, a UK
accountancy and financial advisory business, has bought
commercial property pension specialist Quro Financial Solutions,
a firm in the southwest region of the UK.
This is the second in a series of deals by Old Mill to double its
business size by 2026. In June last year it bought Brook
Financial.
The financial terms were not disclosed.
Quro Financial Solutions was launched by husband-and-wife team
Matt and Bren Johnson in 2011 when they saw a gap in the market
for specialist advice for owner-managers wanting to purchase
commercial property through their pensions.
Quro specialises in areas such as the use of SIPP (Self Invested
Personal Pensions) and SSAS (Small-Self Administered Schemes) to
buy and invest in commercial property on behalf of individuals
and businesses. It looks after 85 clients.
“Quro is a fast-growing specialist business, with an excellent
client base and an impressive growth record and it will be a huge
asset to the Old Mill family,” Kevin Whitmarsh (pictured), CEO at
Old Mill, said.
