Thursday April 28, 2022

FRP expands offering following new acquisition

We are pleased to announce the acquisition of BridgeShield Asset Management Limited (BridgeShield) in a deal that marks our expansion into asset management services.

Headquartered in Essex, BridgeShield provides property asset management advice to specialist short-term lenders across bridging, refurbishment and development finance. It supports lenders across the UK, advising on asset management, LPA receiverships and loan risk management.

As part of the transaction, all five employees will join FRP. This includes BridgeShield’s Directors Ben Hubbard and Nick McAuliffe, who will both join FRP as Partners. They will continue to be based at their current office in Leigh-on-Sea and will work very closely with our national team of Restructuring Advisory specialists to support clients.

Commenting on the transaction, Geoff Rowley, CEO of FRP, said: “Ben and Nick have worked with FRP for many years. They share our values, and this new partnership will help to further accelerate BridgeShield’s growth and broaden our service offering to cover property asset management services to specialist lenders. We welcome Ben, Nick and the team and look forward to their contribution to FRP.”

Ben Hubbard, founder of BridgeShield, added: “We are delighted to be joining FRP, whom we have worked with for the last five years and this cements what has been a fantastic working relationship. We are excited by the further growth opportunities this new partnership presents while continuing to provide existing and new clients with an industry-leading level of service.”