Fri, 02 Aug 2024 | BUSINESS SALE
Wealth management and professional services group Evelyn Partners has expanded in the North of England with its latest acquisition. The group is set to acquire the offices of Haines Watts in Newcastle, Leeds and Manchester for an undisclosed sum.
The deal is the sixth acquisition by Evelyn Partners’ professional services business since the start of 2023, reflecting its strategy of augmenting strong organic growth with acquisitions of high-quality, complementary firms that help broaden its geographic presence.
The Haines Watts teams at the offices provide a broad array of services and solutions support entrepreneurial, owner-managed businesses. The deal significantly strengthens Evelyn Partners’ presence in the North of England, while bringing five partners, nine directors and more than 150 staff into its fast-growing professional services business.
Donna Bulmer, Managing Partner of Haines Watts, said: “This is an exciting time for our clients and our team as we join forces with our new colleagues at Evelyn Partners. We see a great cultural fit that will ensure we continue to deliver high service levels to our clients, whilst creating fantastic opportunities for our team.”
Andrew Wilkes, Chief Professional Services Director of Evelyn Partners, said: “The team, led by Donna Bulmer, are high quality professionals with a long standing track record of giving clients the best possible tax advice and accountancy solutions.”
“Their approach of providing a fully supportive, personal service and building long standing relationships with clients is very much in line with our culture at Evelyn Partners.”
Wilkes added that the acquisition “continues our strategy of expanding the number of business and private clients we provide our professional services to in the North of England.”
Last year, Evelyn Partners acquired Newcastle and Harrogate-based Leathers, Cambridge-based Ashcroft Partnership, Tunbridge Wells-based Creaseys, Beaconsfield-based Harwood Hutton and an international disputes team for its Forensic Services business.
As of March 31 2024, the group has £61.8 billion in assets under management (AUM) and is the UK’s seventh-largest accountancy by fee income. It has a network of offices across 29 towns and cities in the UK, Republic of Ireland and Channel Islands.
Read more about the growth of dealmaking activity in the professional services industry
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