Mattioli Woods has acquired the pension administration business of Lindley Group for a total cash consideration of £199,001.
The deal was funded by the company’s own cash resources and comprises the pension administration business of Lindley Group and 100% of the share capital of Lindley Trustees from Lindley Group.
Mattioli Woods said in a statement that the acquired business, which was formed in 1979, provides trustee and administration services to over 130 small self-administered pension (“SSAS”) schemes, with assets under administration of over £116 million.
Chief Executive of Mattioli Woods Ian Mattioli Said: “This acquisition extends the existing relationships we have with intermediaries like the Lindley Group, where Mattioli Woods has proven to be a sound strategic partner with the expertise, scale and systems to give the very best SIPP and SSAS administration, delivering an enhanced service and long-term security for clients.
“With increasing complexity and continuing consolidation in both the SIPP and SSAS sectors, we anticipate there will be further opportunities to expand Mattioli Woods’ pension administration business by acquisition, accelerating the Group’s growth.”
