Fri, 29 Sep 2023 | BUSINESS NEWS
Midlands accountancy firm BK Plus has secured investment from private equity firm Palatine, which will help the company to continue to target acquisitions in the sector. Palatine has acquired a “significant minority shareholding” in the business.
Since being founded in 2021, BK Plus has expanded with the acquisition of 12 companies, growing to more than 10 offices with a workforce of close to 300 staff. The company initially targeted growth in the Midlands, with offices in Blackheath, Bromsgrove, Dudley, Solihull, Uttoxeter, Warwick, and Wolverhampton.
More recently, however, it has targeted growth further afield, with offices in Halifax, Stoke, Newcastle-Upon-Tyne and Oldham, and appears set to continue or ramp up its acquisitive activity with the backing of Palatine.
BK Plus co-founder Shaun Knight said: "We are delighted to be partnering with Palatine, who we chose as they shared our ambition, philosophy, values and passion to deliver high-quality professional services to the SME sector – delivering locally, to local businesses, by local people with the support of the wider infrastructure.”
"There is an unprecedented opportunity within the accounting sector to acquire with like-minded firms across the country. Our growth to date demonstrates this, along with a significant pipeline of opportunity. Localness is the key to our core principles; this mirrors Palatine's structure and is key to our decision in choosing them.”
The transaction will see Mike Ward appointed chairman of BK Plus. Ward has significant experience in the professional services industry and expertise in constructing buy and build growth strategies, following his previous role as CEO of Gately Plc.
Richard Thomas, partner and head of Palatine's midlands team, commented: "BK Plus' focus on client service to the SME market via a regional model means they are well-positioned to provide the support required to existing and new clients."
Find out how companies can attract private equity backing for their acquisitive growth plans
Read more about growing M&A in the accountancy sector
The company is a well-regarded and reliable provider of unsecured personal loans, offering loans of up to £2,500 for individuals across England and Wales. Loans are repayable in instalments via direct debit or CPA.
The company specialises in the provision of expert witness services to the construction, civils and process industries in connection with all forms of dispute resolution procedures, including litigation, arbitration, adjudication, conciliation and me...
Well established firm of solicitors specialising in property law and private client matters. Trading for nearly 20 years the business provides a professional and highly personal service offering serving clients across a plethora of recognised legal d...
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
20
|
Mar
|
Accountancy firm BK Plus continues M&A drive with Cornwall deal | BUSINESS SALE
Acquisitive accountancy firm BK Plus has continued its M&A-d...
04
|
Mar
|
PE-backed accountancy firm completes 13th acquisition | BUSINESS SALE
A private-equity backed Walsall accountancy firm has expande...
01
|
Feb
|
Accountancy firm makes first PE-backed acquisition | BUSINESS SALE
Accountancy firm BK Plus has completed its first acquisition...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.