South Tyneside financial services firm Fairstone has entered the Irish market with the acquisition of PAX Financial.
The Boldon business has swooped for the Dublin firm which has 66 staff and advisers offering services to more than 7,700 clients, managing funds of €200m (around £174.3m). PAX is also behind the brand ‘AskPaul’ which has proved successful in Ireland, offering advice to consumers through social media channels.
The acquisition, made for an undisclosed amount, marks the latest milestone for Fairstone which earlier this year made its 50th acquisition over a 10-year period, while also reaching revenues of more than £100m.
