PE-backed Skerritts snaps up Horsham-based planning firm

Second acquisition of 2023 follows January’s Equinox Wealth deal

Jenna Brown
clock • 1 min read

Skerritts, the private equity-backed financial advice business, has completed its second acquisition deal of the year with the purchase of Horsham-based Mercier Allen & Associates.

Skerritts, based in Brighton, said the deal would add £73m of assets under management and extend its presence in the region as the group continued with its accelerated growth plan. The group secured £55m in funding from Sovereign Capital Partners in March 2021 with the view to significantly expanding the group through organic and acquisitive growth. The IFA and wealth manager had previously made nine acquisitions but a more ambitious growth plan was put in place following the investment. Skerritts completed four acquisitions in 2022, adding new offices in Kent, Hampshire and London...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

FSCS names 13 failed firms between August and November

FSCS names 13 failed firms between August and November

Latest firm declared in default was Independently East

Isabel Baxter
clock 10 December 2025 • 2 min read
FCA authorises AllAdvised to deliver digital advice

FCA authorises AllAdvised to deliver digital advice

For employees and pension scheme members

Isabel Baxter
clock 09 December 2025 • 2 min read
AJ Bell launches £50m share buyback scheme as pre-tax profits rise 22%

AJ Bell launches £50m share buyback scheme as pre-tax profits rise 22%

AJ Bell reported an 18% increase in revenue and profit before tax was up 22%

Eve Maddock-Jones
clock 04 December 2025 • 2 min read