Howden Group Holdings has signed an agreement to acquire Barnett Waddingham LLP, forming the largest independent pensions and employee benefits consultancy in the UK.

Transaction Summary

On March 25, 2025, Howden Group Holdings, a global leader in insurance and employee benefits, announced a binding agreement to acquire Barnett Waddingham LLP, a prominent UK consultancy specialized in risk, pensions, investment, and insurance services. This strategic acquisition aims to enhance Barnett Waddingham's capacity to deliver superior value to its clients through an integration of advanced solutions and the expertise stemming from Howden's international presence.

The merger between Howden and Barnett Waddingham represents a fusion of two distinguished firms known for their strong cultural alignment, significantly bolstering the combined entity's ability to offer comprehensive services in risk management and employee benefits. This partnership positions the newly united firm as the largest independent consultancy in pensions and employee benefits across the UK, thereby laying a robust foundation for future expansion initiatives.

Information on the Target

Barnett Waddingham is one of the leading UK consultancies offering specialized services in risk, pensions, investments, and insurance. The firm collaborates with a diverse array of clients in both the private and public sectors, serving notable