Press Release — Geoffrey Craig & Saffron Wealth Management
Skerritts are growing with two acquisitions completed so far in 2022
T: 01273 204999
Skerritts are Independent Financial Advisers and Wealth Managers based in the South East with their head office in Brighton and Hove. In March 2021, Sovereign Capital Partners, a UK Private Equity Buy & Build specialist completed a significant investment in Skerritts worth £55 million. The objective of the investment is to develop and expand the business through a strategy of organic and acquisitive growth.
Previously, Skerritts had made nine acquisitions but with Sovereign’s backing, a more ambitious plan to grow was introduced. In March this year, Skerritts completed two further acquisitions with the purchase of Geoffrey Craig Limited (‘Geoffrey Craig’) and Saffron Wealth Management, growing assets under management by circa £150 million. EMC Corporate Finance continued their support of Skerritts providing buy-side advisory services sourcing and originating both transactions.
Richard Skerritt, CEO of Skerritts says
“We are delighted to have completed these latest deals, adding great people to the team and helping us with our national growth strategy. Geoffrey Craig really builds on our presence in the South East and we are currently in advanced talks with a number of firms throughout the UK as we look to expand. We believe that we are very different to the usual “consolidator” model in that we are looking to build on the high professional standards and client focus that has made Skerritts so successful over the years; this really resonates with firms and principals that we are speaking to.”
Skerritts is looking to build a national presence, through the establishment of a number of regional offices throughout the UK over the next 5 years.
We are award-winning Independent Financial Advisers and Wealth Managers focused on providing lifelong financial advice to aid the realisation of our clients’ long term financial objectives. We have been assisting local people, directors, businesses, charities and trustees in Brighton, and the surrounding area for over 30 years and are one of the few firms in the South East to hold Chartered Financial Planning and Discretionary Investment Manager status.
Categories: Press releases
33% of couples say they’re financially incompatible
Why sticking to your financial plan in uncertain times might be the best thing to do
1 in 3 people say financial protection is too expensive, but can you afford to overlook it?