JLT completes £17m Alexander Forbes consultancy acquisition

Broking group Jardine Lloyd Thompson (JLT) has completed the purchase of Alexander Forbes Consultants & Actuaries (AFCA) for £17m.

JLT announced its intention to buy the company on 5 October.

AFCA generated £27.8m of revenue in the year to 31 March 2012.

AFCA will become part of JLT’s employee benefits (EB) business, thus strengthening its market position and adding to its expertise and capabilities, particularly in the health and wellness, risk, annuity and investment areas.

JLT UK employee benefits chief executive Duncan Howorth said: “This acquisition brings together two employee benefits businesses with highly complementary client offerings that share a similar culture and level of ambition. This move further enhances JLT’s ability to respond to the changing demands of the UK employee benefits market and to drive the sustained growth of its EB business.”