Broadstone is a leading, independent UK financial services consultancy delivering expert advice to insurers, employers, lenders and pension scheme trustees. This investment will enable Broadstone to further broaden and deepen its offerings to current and prospective clients. The Broadstone management team will continue to own a significant stake in the business and maintain leadership of the company.
Broadstone has an over 40-year history as a customer-centric, leading pensions administrator, actuarial consulting and employee benefits specialist focused on supporting and securing the prosperity of its clients and their customers and members. The company’s specialist services include employee benefits consulting, pensions administration and actuarial services, investment consulting, insurance consulting, credit risk services, financial modelling, data analytics services, and redress support. The company has a team of 650 experts, including more than 85 actuaries, across ten offices in the UK.
Tony Gusmao, CEO of Broadstone, commented: “For more than four decades, Broadstone has upheld an intense focus on our clients, ensuring that we have the best team and technology in place to deliver best-in-class services across the UK. As we look to the future, LMP’s investment coupled with the firm’s deep experience helping professional services firms scale will allow us to accelerate growth and expansion of our offerings – particularly in our newly-formed Insurance, Regulatory & Risk unit – that will assert our position as a leader in the insurance actuarial consultancy space.”
Roumi Zlateva, Principal at LMP, said: “LMP was drawn to Broadstone for a multitude of reasons ranging from its client-centric approach, to its track record of organic growth, and of course, our strategic alignment and excitement for the next chapter of its development. Broadstone has built a differentiated position in the market enabled by a highly capable and talented team, and we look forward to providing capital, guidance and resources to continue that effort of scaling the business and positioning it for future success.”
The transaction is expected to close in the second quarter of 2025, subject to customary regulatory reviews and approvals. Financial terms were not disclosed.
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