Dentons Pension Management has acquired Brown Shipley’s pension administration business and professional trustee company for an undisclosed sum.

The self-invested personal pension (Sipp) and small self-administered scheme (SSAS) provider and administrator has taken on all 16 staff members from the businesses as a result.

The acquisition will add around 1,000 Sipps to Denton’s books, bringing the total to over 7,600, while also adding 485 SSASs, taking the total to over 1,300.

It also takes Denton’s assets under administration to over £6.6bn.

Commenting on the deal, Dentons chairman, Martyn Rose, said: “This acquisition is an important part of our growth strategy. We are delighted to make this announcement and look forward to working closely with Brown Shipley in the future.

“These books of business are a great fit for us, with both firms sharing a similar ethos of high quality service and administration excellence, putting the client at the heart of everything we do.

“We are committed to growing both organically and by selected acquisition and we continue to look for acquisitions that represent a good strategic fit for us. We look forward to working closely with Brown Shipley as it will continue to provide its banking and investment services to those clients.”

Brown Shipley chief financial officer, Andrew Curran, stated that the firm was “impressed” by Dentons and knew early on that they would work well together.

He continued: “We are looking forward to continuing to work alongside Dentons in supporting our mutual clients, for whom Brown Shipley will continue to provide wealth planning, banking and investment management services.”

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