Fairstone completes Octagon acquisition

Wed, 27 Nov 2019 | BUSINESS SALE

Consolidator Fairstone Group has completed the acquisition of Lancashire-based advisor Octagon Wealth Management.

The acquisition represents Fairstone’s seventh of the year and highlights its downstream buyout (DBO) model. Fairstone said the deal showed the strength of the acquisition model, through which it seeks to ensure companies are fully integrated with its business before acquisition is completed, providing for a smoother transition.

The deal will add 800 clients, four advisers, five support staff, over £150 million in funds under management (FUM) and a gross fee income of £1.10 million to Fairstone.

Fairstone CEO Lee Hartley said the group was "delighted" to complete the acquisition of Octagon: "Finalising this deal with Octagon brings another valued business into Fairstone and continues our excellent growth plan for 2019."

“At Fairstone, we work hard to ensure our proposition gives firms the framework they need to significantly grow their businesses, without compromising on client service or independence.”

Octagon company principle Richard Hollington said: "While we have been integrated into the Fairstone family for over two years now, by being fully absorbed into one of the largest Chartered financial planning firms in the UK, our clients can be even more confident that we will be there for them for the long term."

Hollington and his fellow Octagon company principle Jon Routledge, said that Fairstone’s strength in size, customer-focused acquisition model and technology were the crucial factors in their decision to join the group.

“Deepening our existing relationship with Fairstone means we can take full advantage of the support offered, leaving us with more time to spend with our clients, who are the ultimate focus of our business”, Hollington added.

Share this article

Latest Businesses for Sale

Project Management, Architectural & Building Surveying Consultancy
London, UK

Over 45 years of trading history with solid customer base in the housing sector. Highly regarded for service delivery excellence and innovation in their field. Strong management team able to transfer to new owners. Highly skilled team with emphasis o...

Asking Price: Offers Invited
Turnover: £1,782,384

Chartered Practice
London, UK

An established & successful Chartered practice which is audit registered wishes to expand their fee base so as to enable the infrastructure necessary for MTD. Although the Purchasing firm’s premises have spare capacity, retention of a satellite offi...

Asking Price: Offers Invited
Turnover: £300,000

Accountancy Practice
Preston, UK Wide

Staff and rented premises to be retained. Good location with parking. Not regulated but employs qualified staff. Established over 30 years. Grown organically and by reputation. Offers invited.

Asking Price: Offers Invited
Turnover: £410,000

View more businesses for sale

News Search

Latest News


KPMG agrees to sell pensions arm | DIVISION SALE

Professional services network KPMG has announced that it has...


What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS

Private business mergers and acquisitions expert Sue Green o...


MBO at Bolton-based delivery comparison firm | MBO/MBI

Bolton-based parcel delivery price comparison company Parcel...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources