Thu, 04 Jul 2024 | BUSINESS SALE
Accountancy firm R T Marke & Co Chartered Accountants, which is part of the Sumer Group, has completed the acquisition of an Exeter practice. Kirk Hills Chartered Accountants was founded in 1992 and serves more than 1,000 companies across the South West and additional clients across the UK.
R T Marke & Co, which was founded in 1985, has significantly expanded its reach with the deal, which it described as a “significant milestone” in its history, adding to its existing presence in Devon and Cornwall. The deal is also expected to boost the service offering to SMEs across the South West.
Kirk Hills partners David Kirk, Adrian Hills and Sarah Chamberlain have joined R T Marke & Co following the transaction, along with the Exeter team. The team will continue to provide their current services to existing clients, while benefiting from increased career development opportunities.
David Kirk, who has joined R T Marke & Co as Client Director, commented: "The decision to join forces with R T Marke & Co. brings significant benefits to our clients and team. It will enable us to continue our proactive and forward-thinking approach to business advisory services.”
“Our clients will continue to receive the highest standard of personal service, whilst also having opportunities to benefit from additional services and the skills of a larger local firm."
R T Marke & Co Managing Director Neil Marke added: "We see an increasing demand for SME support in our region, so this acquisition ensures we bring together, the highest degree of specialist services to our growing portfolio. Kirk Hills are a long-established accountancy practice in Exeter, with an exceptional reputation.”
Marke continued that Kirk Hills’ dedication to helping SMEs grow, combined with their complementary client mix, meant that R T Marke & Co was in “a strong position to guide and advise the community of entrepreneurs in the South West."
R T Marke & Co was acquired by Sumer Group in May 2023. Despite only being founded last year, Sumer has already established itself as a leading UK accountancy practice following a string of acquisitions, with more than 40 UK offices and over 1,300 staff. One of the group’s core offerings to its companies is investment for them to make acquisitions of their own.
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