News

2
Nov

Newell Palmer acquires Treble Investments LLP

Newell Palmer has today completed its fifth acquisition of 2017 with the purchase of Wolverhampton-based Treble Investments LLP.
Treble Investments has been providing advice to clients in the West Midlands and surrounding areas for more than 6 years, and in doing so has built up a 250-strong client base.
This acquisition was made possible with the help of professional IFA introducers, Boston Bailey Group. This is the fourth acquisition that has been facilitated by Boston Bailey Group this year, with a number of further acquisitions being planned during the next 12 months.
An additional £25 million will be added to Newell Palmer’s total funds under management, which is in excess of £1.7bn. The 250 active clients of Treble Investments will be serviced by the Advisory team based at Newell Palmer’s Wolverhampton office and will take Newell Palmer’s total recurring income to approximately £8.5m per annum.
Wolverhampton-based Newell Palmer has more than quadrupled its FUM in the last five years, growing through acquisition and referrals, with a clear strategic plan. Acquisitions to-date have ranged between £30k to £2m in consideration; meaning that if the client ethos of a firm is comparable to Newell Palmer’s then, there is no firm too big or too small to fit into the Newell Palmer model.
Speaking about the purchase, Newell Palmer Finance Director, Kevin Homfray, said:
“I am delighted to announce the acquisition of Treble Investments, which has been made possible with the support and financial backing of Allied Irish Bank (GB).”
“This is our fifth acquisition during this financial year, which has strengthened our presence throughout the West Midlands. Treble Investments is modest in size and perfectly fits into Newell Palmer’s established model.”
Anthony Treble, Principal of the acquired company, said:
“I want to ensure that my clients can continue to enjoy the high level of personalised service they have come to expect and I am very happy to be merging my business and client base with a company like Newell Palmer. With the changes being introduced by MiFid II and GDPR I feel confident knowing that my clients are in the hands of a company that has a solid structure and the resources to meet the challenges presented by the changing face of the financial services sector”.
Newell Palmer are actively involved in Gunner & Co. seminars, to know more about selling you business to Newell Palmer, or the M&A market in general, contact Gwill Evans: Gwill.evans@gunnerandco.com