The retirement solutions innovator and IT outsource partner Dunstan Thomas Group is to be acquired by one of the UK’s largest SIPP and SSAS providers Curtis Banks Group. Under the terms of the agreement, Dunstan Thomas has become a wholly owned subsidiary of Curtis Banks.
Dunstan Thomas will keep its brand, existing locations and staff, whilst continuing to serve its existing clients. It will also retain the autonomy to grow the business and extend its market capability suite.
Dunstan Thomas Group’s ambition to continue growing its business, through acquisition as well as organic growth, will be boosted through access to Curtis Banks’ additional financial resources.
Chris Read, Group CEO, Dunstan Thomas Group, said: “We are delighted to become such a significant part of the Curtis Banks Group to enable us to drive additional investment into the business. After 34 years as an independent business, we believe it is the right time to join forces to create a new larger entity in the market with new propositions and enhanced capabilities to take advantage of changing market dynamics.
“We are keen to assure all our clients, that we are committed to injecting further capabilities and innovations into our expanding product and consulting services set for the benefit of the market as a whole. We see this acquisition as a positive step for all of our clients. Over the years we have provided solutions to companies across the industry. Our product roadmaps have been crafted and developed with the cooperation and input from all of clients. We look forward to continuing to serve our clients with the best products, solutions and consulting services with performance and integrity at heart.
“Curtis Banks proved an ideal choice for us, as they are not only a key Dunstan Thomas client but aspire to build out from their traditional pensions background to offer a more whole of market capability in which technology is central pillar. We are pleased that our technology will now form the foundation for this strategy.”
Will Self, CEO of Curtis Banks added: “The future of Curtis Banks lies in not only our traditional SIPP market, but also in our diversified growth strategy. Dunstan Thomas has provided leading edge products and technology to us for many years now. We see Dunstan Thomas being a core component for this future growth and are very excited to have this well-respected brand inside the Curtis Banks Group. With Dunstan Thomas as part of the Curtis Banks Group, it makes us ready for the next stage of our growth”.
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