Insurance and employee benefits group Jardine Lloyd Thompson Group (JLT) has acquired Alexander Forbes Consultants & Actuaries Limited (AFCA), which will be subsumed into JLT's employee benefits business.
JLT is paying £17m in cash for ACFA, which provides a comprehensive range of employee benefits and services to trustees and employers and is part of the Alexander Forbes Group, an international financial services organisation.
It employs over 300 people in the UK and has offices in Croydon, Edinburgh, London, Solihull, Manchester and Southampton. The business generated £27.8m of revenue in the year to March 31st 2012.
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