Biggest Acquisition Yet for an Investment Portfolio Management Company | Northwest Deals

Graham Pulford

Investment portfolio management company Handl Group has completed an acquisition it says marks its “biggest deal to date”

The Chorley business has acquired Suffolk-based Injury, Prevention and Rehabilitation Services (IPRS) Group as it seeks to strengthen its market presence in the health and wellbeing sector.

The deal will see the four constituent IPRS brands become part of the Lancashire Group’s portfolio.

Based in Suffolk, IPRS Group is an independent specialist organization providing a range of clinical products and services to the public and private sectors.

Managing Director Martyn Jackson, who joined the company in 2004, successfully led the growth of a regional provider of physiotherapy services to a multidisciplinary operation.

The IPRS Group, which had sales of £17 million in 2020, has four brands: IPRS Health, IPRS Mediquipe, IPRS Aeromed and PFAS.

All trading will continue under the existing brands and the 300 employees of the IPRS Group will remain with the company.

The management team will also remain in place. Jackson will remain as Managing Director, reporting to Group Chief Executive Graham Pulford, and will continue to lead the business through the next stages of its evolution.

Pulford said: “This is a significant growth opportunity that will give us additional scale and new distribution channels in private medical insurance (PMI), as well as in elite sport, a specialty of the IPRS group. It will also strengthen the relationships the group currently has. with the UK insurance industry.

“This is the largest acquisition the handl group has made to date, and we intend to support the IPRS group’s ambitious growth plans with additional investment, access to qualified handl people and also accelerating their already advanced digital offerings.”

Jackson added: “It quickly emerged from my discussions with Graham and the team that handl Group will be the best possible repository for our business and our customers.”

“Their focus on people and technology closely mirrors our own approach, and further investment in our capabilities following this agreement will take the IPRS Group to a new level of growth.”

The deal closed on April 8, 2022 and the consideration is undisclosed.

The advisers were The Franklin Advisory – lead buy-side adviser, CG Professional – buy-side legal adviser, Cowgills – buy-side financial and tax due diligence adviser, Grant Thornton – sell-side lead adviser and Birketts – sell-side legal adviser. seller.

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