Accountancy firm continues M&A strategy with London acquisition
Tue, 21 May 2024 | BUSINESS SALE
Accountancy firm Cooper Parry has continued its acquisitive with a deal for a salesforce consultancy based in London. The acquisition of Cloud Orca represents Cooper Parry’s eighth deal in the space of 16 months.
Cooper Parry, which is backed by private equity firm Waterland Private Equity, has seen rapid M&A-led growth over recent months. Last year, the company completed a number of acquisitions, including early stage accountancy firms ihorizon and Acclivity, financial planner Future Perfect and independent wealth management boutique Chamberlyns.
Cloud Orca, which has a 55-strong team working across locations in London and the Philippines, specialises in providing implementation and support services for global customer relationship management (CRM) platform Salesforce.
The firm is said to be at the forefront of its industry and reportedly has expected year-over-year growth of 70 per cent. Cloud Orca’s client portfolio covers a range of high-profile names, including Monzo Bank, Starling Bank, Revolut, Unum and Chilly’s.
Following the acquisition, Ade Cheatham, CEO of Cooper Parry, commented: “This Cloud Orca deal is a massive leap forward in our tech offering. It ticks tons of the right boxes: market reputation, powerful culture, huge growth, and a passion for sustainability. The fit is spot on. As we create the UK’s next-gen accountancy firm, the landing of such an impressive anchor firm in the digital and tech space is brilliant news.”
Cheatham continued that the company has “plenty more on the horizon”, as it seeks to continue its growth trajectory in the new financial year.
Ed Rowland, CEO of Cloud Orca, added: “Our business was founded on simple, powerful, meaningful values. We’re here to deliver the right tech for dynamic businesses to be more effective, profitable and successful. With Cooper Parry, we’ve found a firm which shares our ambitions in the mid-market space.”
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