Team plc to acquire Lancashire-based wealth management firm for £3m

Team plc has agreed to acquire Lancashire-based wealth management and stockbroking firm Hedley & Co for £3m.

Hedley & Co has £383m of assets, including £173m of funds under management, as at 31 August 2026.

Upon completion of the deal, which is subject to regulatory approval, the shares in Hedley & Co will be transferred to Team’s wholly owned subsidiary, WH Ireland Group.

The acquisition comprises £1.5m at completion, made up of £1m in cash and £500,000 through the issue of new Team shares, and £1.5m of deferred payments.

The deferred payments include £500,000 in cash and £250,000 in Team shares 11 months after completion, and the same amounts 23 months following completion.

The cash element of the deferred consideration could be adjusted depending on the revenue targets met by the acquired firm, with deferred payments to not exceed £1.675m and not be less than £1.25m.

Team said the acquisition significantly added to its presence in the UK, particularly in the north west.

“This is an important acquisition for Team,” commented Team executive chair, Mark Clubb.

“Hedley & Co is a consistently profitable and extremely well-managed business, with a strong record of robust financial management, excellent client outcomes and well-established compliance processes and procedures. These are exactly the qualities we look for in businesses joining Team.

“We have always believed that Team should grow by combining good businesses with our existing capabilities, while allowing the people who built those businesses to remain an important part of their future. Hedley & Co fits that approach extremely well.

“I am delighted to welcome the Hedley & Co team and, subject to regulatory approval and completion, their clients to Team.”

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