Fri, 12 Apr 2019 | MERGER
A well-known accountancy firm has merged with a Cogital Group company which operates 88 offices across the country.
Broomfield Alexander, founded in 1912 and now with 110 staff members in Wales, has agreed to join forces with Baldwins to expand its portfolio to include offices in Aberdare, Cardiff, Monmouth, Newport and Swansea.
Broomfield Alexander has a recorded annual turnover of £7.5 million, and is known to have grown organically over the years through acquisitions of counterparts in South Wales. In the previous year, 18 accredited deals were completed in manufacturing, professional services and healthcare by its corporate finance team.
Baldwins, on the other hand, reports an annual turnover of roughly £200 million with 2,500 members of staff throughout the UK.
On 15 April 2019, Broomfield Alexander will rebrand immediately to trade as Baldwins so as to grant its clients access to a range of services, from banking and finance, to forensic accounting.
Managing partner at Broomfield Alexander, Ian Thomas, said: “This is an exciting development for us in joining a firm of this calibre.
“We will be strengthening our position in the market and increasing our investment in technology to further improve our client service in a rapidly changing and challenging environment.
“It will also enable us to provide a wider range of specialist services for the benefit of our clients both nationally and internationally and to continue with our growth plan.”
Thomas believes that the merger will allow Baldwins to widen its profile as a business advisory firm in Wales.
Regional managing partner at Baldwins, David Owens, commented: “Baldwins now has £12 million annual turnover in South Wales, and Broomfield Alexander joining us underlines our commitment to growing Baldwins in Wales.
“The two businesses also share a similar ethos when it comes to developing additional services for our clients whilst creating career opportunities for our staff.”
For more news stories about mergers, click here. For all our business for sale listings, click here.
Benefits from high staff retention rates and a wealth of experience within the sector. Member of the Association of Professional Staffing Companies (APSCo) as a result of its excellent offering. Ideally positioned to pursue further growth, which coul...
LEASEHOLD
This practice, which has been established over 80 years, is available for sale due to the impending retirement of the partners. One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers in...
FREEHOLD
This practice, which was established over 50 years ago, is available for sale. Consultancy: The partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers invited.
LEASEHOLD
|
21
|
|
Jan
|
MBO at Newcastle market research company | MBO/MBI
Newcastle-based market research company Explain Market Resea...
|
20
|
|
Jan
|
Target Healthcare embarks on acquisition spree | BUSINESS SALE
Target Healthcare has completed the acquisitions of a develo...
|
17
|
|
Jan
|
Sample book and shade card manufacturer acquired from administration | BUSINESS SALE
The business and assets of Yorkshire-based display products ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
19
|
|
Apr
|
Accountancy firm to expand in Scotland | BUSINESS SALE
A UK-based accountancy firm with offices peppered across the...
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