Promina Group’s trans-Tasman financial services business, Asteron, has acquired the boutique corporate superannuation services provider Standard Pacific.

Promina CEO and MD Michael Wilkins says the acquisition enhances the group’s strategy to increase its earnings through “bolt-on” acquisitions as well as organic growth.

“Standard Pacific is an excellent strategic fit with Promina’s business strategy of specialisation and focus,” he said. “As a successful specialist provider, Standard Pacific will complement Asteron’s strong position and drive brand growth opportunities in the corporate market.”

Mr Wilkins has previously indicated that Promina will acquire a few more companies of this size before the end of the year.