Just days after accepting private equity financing, The Fitzpatricks Group has acquired Melbourne-based financial advice firm, Retirement Victoria.
The company announced that, backed with capital from Quadrant Private Equity and Yorkway Capital Partners, the Retirement Victoria acquisition represented the first of a number of growth opportunities.
Fitzpatricks Group managing director, John McMurdo said described Retirement Victoria as a strong, culturally-aligned firm.
He said Retirement Victoria managing director, Hugh Dickson had signalled his intention to retire but would stay on with the business for a few months to help in the transition.
The acquisition took place on 1 September with Fitzpatricks announcement stating that it would be business as usual for Retirement Victoria with no name change, licensing arrangements or the team who service existing clients.
