Wed, 20 Mar 2024 | BUSINESS SALE
Acquisitive accountancy firm BK Plus has continued its M&A-driven growth with a deal for a Cornwall-based firm. The Walsall-headquartered group has agreed to acquire Atkins Ferrie, further expanding its presence in the South West.
The deal comes just two weeks after BK Plus initially entered the region with the acquisition of Cheltenham-based firm Andorran Chartered Accountants. The company is using acquisitions to drive its strategy of becoming a trusted advisor to SME businesses across the UK.
BK Plus was founded in 2021 and has since grown rapidly through acquisitions, with the deal for Atkins Ferrie set to be its 14th takeover. The firm’s acquisition drive received a further boost in September 2023, when it secured backing from Palatine Private Equity.
The group’s growth has seen it expand significantly from its West Midlands base as far north as Newcastle, with the latest acquisition spreading its UK coverage to the Cornish coast. Following the latest deal, the group now has 15 UK locations, while 15 staff will join its 300-strong workforce from Atkins Ferrie’s office in Helston.
Commenting on the acquisition, BK Plus CEO and co-founder Shaun Knight said: “This acquisition represents a strategic opportunity for us to expand our presence into the South West and deliver our high-quality services to businesses in this vibrant region. We look forward to leveraging Atkins Ferrie’s expertise to drive growth and create value for our clients.”
Atkins Ferrie Director Hannah Collison commented: “Joining forces with BK Plus presents an exciting opportunity for us to continue delivering exceptional service to our clients while gaining access to BK Plus’s extensive resources and network. We are eager to collaborate with the BK Plus team.”
Fellow Atkins Ferrie director Tom Tripp said that the deal would enable the company “to consolidate and expand our enviable reputation of delivering strategic solutions to businesses in the region.”
Read about the trends driving M&A activity in the UK accountancy sector
An exciting opportunity to acquire a well-established independent financial advisor firm with £125m in funds under management in Wiltshire.
Although profitable, this business has quality personnel who can continue working, leading to a smoother transition post sale.
This firm represents a superb opportunity to establish a hub, with staff and offices already in place.
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