Consolidator Fairstone has said interest in the firm's downstream buyout (DBO) programme has remained high after it saw 10 advice firms join it in 2018 and 2019.
In its annual results published on Monday (2 September), Fairstone said in addition to completed acquisitions, five firms joined the DBO programme in 2018 with a view to become fully acquired in the next two years. The firm said interest in the programme has remained "very high" and another five firms joined up in 2019. Fairstone's DBO process sets out to ensure companies are fully-integrated with the group prior to full acquisition, with a view to providing a seamless transition for clients and staff. In May this year, Fairstone fully acquired Leicester-based advice firm Brett & ...
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