Wed, 29 Jan 2025 | MERGER
Lincoln-headquartered Streets Chartered Accountants has continued its expansion after merging with the Haverhill practice of Hackett Griffey Chartered Certified Accountants.
Suffolk-based Hackett Griffey offers a range of services from accounting to payroll, taxation and litigation support. The firm was founded in 1984 by Philip Hackett but its roots can be traced back to the 1950s, making it by far the longest established firm in Haverhill and the surrounding area.
Jon Griffey, partner at Streets Hackett Griffey, said: "When I and fellow partners Simon Iron and Nicky Harris were looking at a merger with a larger firm, it was important that we considered and were able to retain a local presence and personal service that our staff enjoy and clients expect. We chose to merge with Streets as they are a very well respected and established firm and share the same client-focused ethos as we do which makes them somewhat unique amongst larger firms. Streets are not private equity backed and have no interest in being so, which offers long term security for our staff and clients."
Griffey said the merger will help the business to remain competitive, service the needs of its clients and look after its staff.
"Being part of Streets offers economies of scale and a wide range of expertise and other services, the benefits of which we can pass onto our clients. They also offer sector specialisms such as agriculture, technology, legal and entertainment which will enable us to attract clients that require a more specialist service," Griffey added.
The latest merger sees Streets, with its existing offices in Peterborough, Cambridge, Newmarket, Colchester, Stevenage and Wyboston Lakes, establish a greater footprint in the East of England.
Streets managing partner, Paul Tutin, said: "It is especially pleasing to see and experience the mutual benefits and synergy to be had through firms like ours coming together. It certainly is important to us and those firms we come together with to share the same ethos and values and to have a real sense of community in terms of that in which we live, work and for the clients we look after."
He said that Streets continues to find that firms like its approach, "which is very different to the private equity-led deals, as we seek to build on the success of the existing practice and empower individuals to drive and lead on their future growth and success."
Find out more about other Streets M&A activity
This practice, established for over 16 years, is available for sale. Offering premises Leased from own property company with capacity for 15 additional staff.
This practice, which was established over 40 years is available for acquisition due to retirement. The practitioner would be available to assist in the transition period to ensure a smooth handover of clients.
This practice, which was established in the 1980s, is available for sale due to retirement. The partners have flexible requirements. Ideally all of them would like to stay on, in some form, for varying time frames.
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