Jardine Lloyd Thompson Group (JLT) has acquired Alexander Forbes Consultants & Actuaries (AFCA) for £17 million.
The deal is subject to regulatory approval, following which AFCA will become part of JLT’s employee benefits business, adding to the group’s expertise and capabilities in the health & wellness, risk, annuity and investment areas.
Commenting on the move, JLT chairman, Mark Wood, says: “Our combined clients will benefit from the enhanced auto-enrolment technology and consultancy solutions, stronger administration capabilities and broader range of wealth management services, that we will now be able to offer to them.”
AFCA employs over 300 people in the UK at offices in Croydon, Edinburgh, London, Solihull, Manchester and Southampton.
The business generated £27.8 million of revenue in the year to 31st March 2012.