Mon, 17 Jun 2024 | MERGER
Accountancy and tax advisory group Crowe UK has strengthened its existing presence in Kent after merging with a firm based in Maidstone. Crowe Chief Executive Nigel Bostock said that the merger with Dendy Neville was "an important step in our growth strategy”.
Dendy Neville provides a range of audit, tax, accounting support and advisory services to clients and currently has an 18-strong team of specialists. Following the acquisition, David Hill, Paul Gittins and Andrew Perkins will joint Crowe as partners.
Nigel Bostock commented: "It is pleasing to see that Dendy Neville has chosen to partner with Crowe as an alternative to private equity investment, trusting Crowe as the best home for their people and clients going forward.”
"Strengthening our regional presence with a team of highly regarded local professionals supplements the strong organic growth we continue to see across the firm."
Mark Anderson, managing partner of Crowe UK’s Kent office, said that the combination was "a very positive step forward for the presence of the Crowe brand in Kent, with a more significant footprint in our local geographic market.”
Anderson added that the new colleagues joining from Dendy Neville would bring depth to the company’s existing team, as well as expertise and a focus on client service.
Dendy Neville director David Hill said that the firm had worked with Crowe’s Kent office for more than 20 years and had relationships with some of the group’s partners in the region going back even further.
He continued: "Joining forces with Crowe seemed a natural progression in light of our common commitment to high standards in client support.”
"Importantly, joining Crowe offers an enlarged team able to fulfil clients’ needs, and wider service offerings - including corporate finance, corporate recovery, specialist and international tax matters, as well as access to Crowe’s international network of offices."
Read more about the factors driving M&A activity in the UK accounting industry
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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