Tue, 21 Nov 2023 | BUSINESS SALE
Professional services group Xeinadin Group has announced the acquisition of Buckinghamshire-headquartered accountancy practice Everitt Kerr & Co. The deal is the 16th acquisition secured by Xeinadin since it received backing from private equity firm Exponent in 2022 and follows its acquisition of Leicester accountancy Alacrity Accountancy last month.
Xeinadin’s acquisitive activity has helped the group build a network of more than 130 offices and over 1,900 employees in the UK and Ireland. The company provides more than 40 service lines to over 60,000 business clients, predominantly small and medium-sized firms and their owner-managers.
The firm’s partnership with Exponent is aimed at supporting its ambitious growth plans, which include the continued growth of the group’s footprint and acquiring additional expertise while maintaining its focus on providing advisory services for founder-owned businesses.
Everitt Kerr & Co, which was founded in 1992, specialises in compliance, audit, consultancy, business advisory and support services. Following the acquisition, the company’s team will remain under its existing structure, but the company will benefit from the introduction of Xeinadin’s significant additional resources.
This will include the centralisation of back-office operations, as well as the wider support of a collaborative international group. Xeinadin said that the acquisition will mean Everitt Kerr & Co’s team and clients are well-placed to navigate an increasingly stringent regulatory environment.
Derry Crowley, CEO of Xeinadin Group, commented: “Welcoming Everitt Kerr & Co into the Xeinadin Group marks another key milestone in our international growth strategy. As a trusted partner to personal clients and businesses offering a range of specialist services, Everitt Kerr & Co is a great fit with Xeinadin and our focus on delivering personalised, future focussed tax and business advice to SMEs. We look forward to working with Everitt and the team.”
Find out more about the trends shaping M&A in the professional services space
This client is a well run, established firm coming to the market with a view to finding a supportive and professional practice to take over current client and staff relationships.
This vendor comes to the market with a full team of staff in place, and good relationships with clients to ensure continuity and high retention.
Presenting a specialist accounting practice with strong management team in place and great staffing structure, this business can be managed remotely by a firm further afield.
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