Ssas provider WBR Group has bought three Bristol-based businesses.
The acquisition of NM Perris & Co Ltd, which trades as Brunel Trustees, along with associated companies Brunel Trustees Limited, and Omniphi Systems Limited, includes 200 Sass schemes with £300mn of assets under administration.
The companies provide Sass administration services and software.
Martin Tilley, WBR Group director, said: "Over the past six years we have grown both organically and through acquisitions such as the James Hay and Rowanmoor Ssas books.
“We continue to provide service excellence, high levels of technical support and specialist assistance to clients and the acquisition of NM Perris reflects the synergy of values and service ethos between our firms."
All six Ssas employees, including the directors, will join WBR Group, while five Sipp employees will transition to Cabot. The group said the purchases will enable it to expand in the UK market.
Nick Perris, CEO of NM Perris & Co, said: “Having spent 40 years in the profession, it has been a privilege to work with our clients and staff. I am confident that this acquisition will result in minimal disruption to our clients, as the trustee company will remain unchanged, and the Bristol office will continue to operate as usual.
"I will be transitioning to WBR Group for at least the next 12 months to ensure a smooth handover and maintain client contact. Everyone is excited for the opportunity ahead as we become part of the WBR Group but retaining our brand identities.”
WBR Group now has over 4,500 Ssas with assets of more than £4.5bn and nearly 200 employees.
tara.o'connor@ft.com
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