Financial services consultancy Broadstone has agreed terms with Lovell Minnick Partners (LMP) for a strategic growth investment.

The funds will enable Broadstone to further broaden its offerings to current and prospective clients, which include employers, insurers, lenders and pension scheme trustees.

LMP is a US private equity firm focused on investments in financial services, business services and financial technology companies. As part of the agreement, the Broadstone management team will continue to own a significant stake in the company and maintain leadership.

The transaction is expected to close in the second quarter of 2025, subject to regulatory approval. LMP did not disclose the financial terms of the agreement.

Principal at LMP, Roumi Zlateva, commented: “LMP was drawn to Broadstone for a multitude of reasons ranging from its client-centric approach to its track record of organic growth, and of course, our strategic alignment and excitement for the next chapter of its development.

“Broadstone has built a differentiated position in the market enabled by a highly capable and talented team, and we look forward to providing capital, guidance and resources to continue that effort of scaling the business and positioning it for future success.”

Broadstone CEO, Tony Gusmao, added: “For more than four decades, Broadstone has upheld an intense focus on our clients, ensuring that we have the best team and technology in place to deliver best-in-class services across the UK.

“As we look to the future, LMP’s investment coupled with the firm’s deep experience helping professional services firms scale will allow us to accelerate growth and expansion of our offerings.”

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