Thu, 18 Jul 2024 | BUSINESS SALE
Accountancy group Sumer has continued its rapid acquisitive growth after announcing its 11th UK deal since it was founded last year. The Gatwick-headquartered group has acquired Staffordshire firm DPC Chartered Accountants.
DPC Chartered Accountants is based in Stoke-on-Trent and provides services including audit, accounts, corporate and personal tax advice, as well as payroll, compliance counsel and wider business services.
Sumer Chief Executive Warren Mead said that DPC Chartered Accountants “dominates the accounting sector in Staffordshire”, describing the region as an area with “huge potential for economic growth.”
He continued: "Sumer wants to join forces with people who share our commitment to growth, go the extra mile for clients, and care about their colleagues.”
"With DPC's impressive team, established roots, and solid reputation, combined with our reach and scale, we can help local businesses prosper."
DPC Chartered Accountants Director Michelle Coates added: "Our firm has continually delivered a robust value proposition for both clients and our team.”
"Sumer embodies ethics that closely mirror our own, particularly their exemplary record in championing diversity and supporting SMEs. This synergy makes them an ideal partner for us, as we continue to excel and advocate for Stoke-on-Trent and surrounding areas."
Sumer Group was founded in 2023 but has already expanded to become a significant UK accountancy firm, following a string of acquisitions, and now has more than 1,300 staff working across its numerous UK hubs.
Prior to DPC, the group’s acquisitions include Carpenter Box, Cowgills, EQ Chartered Accountants, Jerroms, Monahans, RMT Accountants & Business Advisors, RT Marke & Co Ltd, Scrutton Bland and Simmons Gainsford Group.
A core part of the group’s offering to acquisitions is providing backing for them to complete bolt-on deals of their own, most recently illustrated by RT Marke’s acquisition of Kirk Hills Chartered Accountants earlier this month.
Read more about M&A trends in the UK accountancy sector
This well-established West Midlands IFA, managing £200m in funds under management, offers a highly profitable client base with an average household value exceeding £400k.
An exclusive opportunity to acquire a prestigious ultra-high-net-worth independent financial advisory business in Kent, managing £70m in funds under management.
An established Northern Ireland IFA presents a unique opportunity with £500k in recurring revenue and an average client value exceeding £350k, offering a portfolio of highly profitable clients.
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