Foster Denovo Acquires TEBC
The Foster Denovo Group confirms the acquisition of TEBC Limited, an employee benefits consultancy.
Based in Marlow, Buckinghamshire, TEBC has in the region of 100 corporate client relationships, providing corporate advice predominately on pensions and group risk, with some face-to-face member advice.
The acquisition will see TEBC’s staff join the Foster Denovo Group. Over time, Foster Denovo intends to integrate the operation of TEBC with its own Secondsight employee benefits division, offering additional and enhanced services to TEBC clients.
Commenting on the acquisition, Roger Brosch, CEO of Foster Denovo said: “We are delighted to welcome TEBC, their clients and staff into the Foster Denovo Group. Sue Lewis, who heads up TEBC, has built exceptionally strong relationships with her clients and her experience in financial services and employee benefits is invaluable. I am particularly looking forward to Sue joining and sharing her extensive knowledge with her new employee benefit colleagues in Secondsight.”
Sue Lewis, Managing Director of TEBC, added:
“We are looking forward to joining Foster Denovo and the benefits it will bring to the TEBC clients and our team.”
Read the press release in full here.