Accountancy firm, Menzies, has acquired a niche private client team from Davies Gimber Brown. Based at the firm’s Leatherhead office, the five-strong team of advisers will complement Menzies’ existing private client expertise, bringing with them specialist strength in the area of trusts and family groups.
Led by Martin Davies, who is joining Menzies as a Director, the well-known Leatherhead team will bring GBP1 million worth of new client fees to the firm in addition to supporting its national and international client portfolio.
Julie Adams, Senior Partner at Menzies LLP, says: “This strategic acquisition makes perfect business sense for Menzies as a continuation of our growth plans. Martin’s team is heavily focused on advising clients in relation to trusts and family groups and this is an area of expertise where we are noticing an increase in demand.”
“Our M&A growth strategy focuses on finding like-minded businesses, that either strengthen our existing offering or geographical reach.”
Martin Davies, Director at Menzies LLP, says: “The team is very excited to be joining Menzies LLP as we can now offer our clients the breadth and depth of expertise that they are looking for – from corporate services to wealth management, for example. We’re looking forward to supporting Craig Hughes and working alongside the existing team.”