Thu, 15 Aug 2024 | BUSINESS SALE
A private equity-backed accountancy firm has expanded with a pair of acquisitions. West Midlands firm BK Plus, which is backed by private equity investor Palatine, has acquired two practices based in Cornwall.
The acquisitions of Walker Moyle Chartered Accountants and Pooleys Chartered Accountants & Business Advisers form part of BK Plus’ plan for strategic expansion in the South West.
Walker Moyle, which was founded in 1925 – meaning it becomes the oldest practice in the BK Plus portfolio, has offices in Penzance, Redruth and St. Ives. Walker Moyle owner and Managing Director Paula Thomas said that the acquisition was “the next step for our business.”
Thomas added: "We share the same client ethos and values, and this partnership allows us to offer a wider range of services and expertise to our clients in Cornwall."
David Pooley, Principal at Truro-based Pooleys Chartered Accountants & Business Advisers, said that joining BK Plus “presents immense opportunities for our firm and clients.” Pooley continued: "Our shared commitment to excellence and client-focused service means we can enhance our offerings and support businesses in Truro and beyond."
Following the acquisitions, BK Plus brings its office count in the South West to six, with its South West Hub led by Tom Tripp and Hannah Collison. Tom Tripp called the deals a “significant milestone” for the company and said that, by acquiring “like-minded businesses”, BK Plus “can leverage our combined expertise to better serve our clients and support the growth of local businesses.”
BK Plus Chief Executive Shaun Knight added: "These acquisitions reflect our ongoing commitment to expanding our presence and bringing together firms that share our dedication to providing exceptional service. We look forward to working closely with our new colleagues to deliver outstanding results for our clients."
Attracting private equity backing can significantly boost acquisitive growth strategies
The company is a widely regarded and highly respected training business, specialising in offering industrial plant, civil engineering and health and safety training, with courses ranging from CPD through to managerial training.
With staff and succession planning in place, this business can continue operating profitably following a sale.
Multi-office Midlands IFA offered with inbuilt succession planning and a team in place, this business can continue to run efficiently and profitably.
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