Key facts
- Tavistock Investments Plc acquired an 87.9% stake in Plus Group of Companies Ltd.
- The initial cash consideration for the acquisition is £900,000.
- Additional cash payments of £3.6 million are due over 18 months, with up to £11.5 million more possible over four years based on performance.
- Plus Group reported turnover of nearly £1 million and EBITDA of £340,000 in the year ended September 30, 2025.
- The acquisition supports Tavistock's strategy to become a technology-enabled financial services group and its rebranding to Vertex Group.
Tavistock Investments Plc has acquired an 87.9% stake in Plus Group of Companies Ltd., a provider of AI Agent technology and paraplanning services for UK financial advisory firms. The deal involves an initial cash payment of £900,000, with further cash payments totaling £3.6 million over the next 18 months. An additional performance-related consideration of up to £11.5 million may be paid over four years, bringing the maximum total consideration to £16 million.
In its last financial year, Plus Group reported turnover of just under £1 million and EBITDA of approximately £340,000. The acquisition is part of Tavistock's strategy to build a technology-enabled financial services group and marks the beginning of its rebranding to Vertex Group, following recent acquisitions of Alpha Beta Partners and Lifetime Financial Management.
Plus Group currently has two AI Agents in production, two in beta testing, and is developing 10 more. The company has collaborated with Lifetime Financial Management over the past year to develop AI-enabled solutions aimed at enhancing adviser productivity and operational efficiency. Brian Raven, CEO of Tavistock Investments Plc, stated that the acquisition is a milestone in building a modern, technology-enabled financial services business, emphasizing that AI will augment rather than replace human advisers. Scott Daniels, founder of Plus Group, shared a vision of using technology to support advisers and strengthen client relationships.