Broadstone Group has acquired Midlands-based actuarial and scheme administration services provider, Quattro Pensions, for an undisclosed sum.

The acquisition was completed with the aim of supporting Broadstone’s growth in the occupational pension schemes market.

Quattro was established in 2002 and currently supports over 120 clients, including the Pension Protection Fund (PPF).

Broadstone said that the deal would create enhanced scale, and that Quattro’s location and support for the PPF would enhance and complement its existing geographical reach and service offerings.

“I have worked professionally with the leadership team at Quattro for many years and know that the way that the business operates aligns closely to our own values,” commented Broadstone head of consulting and actuarial services, Nigel Jones.

“This strong starting point will enable our two business to come together without any disruption to existing clients and staff.”

Jones noted that Quattro’s “established relationship” with the PPF, combined with Broadstone’s ability to add scale and efficiency, would create an “excellent platform” to bring the personal service that Quattro already provides to a wider membership.

Quattro Pensions founder director, Andrew Allsopp, added: “We have enjoyed building our business over the last 20 years and have judged that now is the right time to enhance our offering to our clients by teaming up with such a dynamic and well-respected business.

“We believe that becoming part of the Broadstone Group will be good news for all of our clients and 100 employees who will all benefit from the advantages gained from working with a national market leader who shares our existing values.”

Share Story: