News

8
Jan

AFH kicks off 2018 with acquisition of Monopoly Financial

AFH Financial has extended its presence in the southeast of England with its first acquisition of 2018 by purchasing the Hertfordshire-based Monopoly Financial Consultants.
This is in the wake of AFH’s announcement in November that it planned to purchase more firms in the new year.
The recent merger is expected to bring recurring revenue of £170 thousand to AFH, with the purchase price involving an initial cash consideration of over £330 thousand and a secondary consideration subject to performance. Nigel Parbrook, one of the joint directors of Monopoly, will be joining AFH as an adviser.
The chief executive of AFH, Alan Hudson, commented:
“This is our third purchase of an IFA business for the current financial year, reflecting our strong pipeline of acquisition targets.
“This latest acquisition further increases our capacity in the South East of England and I look forward to working with Nigel for the benefit of our new clients and to increase shareholder value.”