Skerritts acquires Chadwick McLean
Skerritts Group expands into North West with the purchase of Chester-based financial planning firm, Chadwick McLean
Transaction Overview
Deal Type: Acquisition
Industry/Sector: Wealth Management
Size: Not disclosed
Year: 2023
Mandate: Lead Adviser
Lead Partner:
Daniel Baade
Mobile: +44 7471 077086
Email: daniel.baade@dyerbaade.com
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Skerritts is delighted to announce the acquisition of Chester-based financial planning firm, Chadwick McLean. This provides Skerritts with a presence in North West England as the group looks to accelerate its expansion in the region and nationally.
Headquartered in Hove, Skerritts is a chartered financial adviser and wealth manager. In March 2021, Sovereign Capital Partners, a UK private equity Buy & Build specialist, completed a significant investment worth £55 million to develop the business through a strategy of organic and acquisitive growth, which has seen the addition of new offices in Kent, Hampshire and London.
The purchase of Chadwick McLean adds £230 million of AUM, and brings the number of deals that the Skerritts Group has completed since the Sovereign investment up to eight.
Paul Feeney, CEO of Skerritts, says: “I am delighted to welcome the great team at Chadwick McLean to the Skerritts family. This takes us one step closer to achieving our mission of becoming Britain’s premier chartered financial planner.”
John Chadwick, Director of Chadwick McLean, says: “I have spent some considerable time looking thoroughly at potential companies that could ensure that we are fully resourced and are able to continue to offer the full range of services to our clients. It was obvious that Skerritts are the best choice for the safeguarding of our clients’ financial future. I will be continuing my career leading my workplace training company, Planned Future Wellbeing, and we will remain closely associated with Skerritts providing financial education services to employees throughout the UK”.
About Skerritts
Skerries is an 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. The firm has been assisting families, directors, businesses, charities and trustees for over 30 years and are one of a select number of firms to hold Chartered Financial Planning and Discretionary Investment Manager status.
Dyer Baade acted as Lead Adviser to Skerritts.
About Dyer Baade & Company
Dyer Baade & Company is an independent corporate finance boutique. We are M&A specialists in financial services and other complex sectors advising entrepreneurs & business owners, private equity & financial investors as well as trade buyers & strategic investors. For more information go to dyerbaade.com.