Tue, 23 Apr 2024 | MERGER
TC Group has continued to expand through strategic M&A after completing a merger with Kent-based accountancy firm Crossley Group. The acquisition brings three partners and more than 100 staff into the TC Group.
Crossley Group was established in Rochester, Medway in 1995 and is described by TC Group as being a “recognised and trusted” brand throughout the area. The company’s staff provide specialist services across an array of sectors, including lettings and commercial, property and third sector.
Following the merger, Crossley Group’s clients will now have access to the wide range of services provided by TC Group.
The deal continues a significant period of M&A activity for TC Group, which has completed mergers with firms in London, Stratford-upon-Avon, Essex,the Midlands and the East of England, helping it build a network that spans the UK.
TC Group’s Head of Partner Services Mark Adams said: “Crossley Group is a trusted and highly regarded firm of business advisors and accountants who provide an outstanding service to their clients.
Adams continued: “By joining TC Group, they give another major boost to our representation across the country as a whole, and, in our ability to service clients across the south-east of England. Crossley Group’s addition to TC Group represents, once again, our strategy of joining forces with ambitious firms that wish to merge and grow.”
Crossley Group Partner Trevor Rose commented: “Joining forces with TC Group represents a pivotal development for us. This merger enhances our capabilities and allows us to offer a broader range of services to our clients, backed by the extensive resources and network of TC Group. I am proud, that, after 28 years of growth, we are taking this important next step with our new partners, which will benefit our clients and staff team.”
Accounting firms are increasingly using M&A to broaden and improve their service offerings
Available on the market a well-established solicitors’ firm in Stoke on Trent area looking for a sale or merger.
A well-established solicitors’ practice (limited company) in central Leicester, with turnover c£600K, low overheads and 40% profit margin.
Staffordshire solicitors’ firm trading as a partnership for over 35 years and looking for a sale due to partner retirement.
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