Xeinadin completes 24th acquisition with South Wales deal
Tue, 16 Jul 2024 | BUSINESS SALE
Acquisitive professional services firm Xeinadin has continued its M&A-led growth with a deal for an accountancy practice based in South Wales. The acquisition of Clay Shaw Thomas is Xeinadin’s 24th acquisition in the past two years and follows its recent triple takeover of South of England-based firms Marden & Co, MacKenzies Accountants Limited and Tax Agility.
Clay Shaw Thomas is a family-run company that specialises in all aspects of general practice, including tax compliance, accounting and business advisory. The company was founded more than 70 years ago and is based in Bridgend, with the deal building on Xeinadin’s 2022 acquisition of fellow Bridgend practice Graham Paul.
It has a diverse client base, covering small owner-managed business and large SMEs, with the deal forecast to both increase Xeinadin’s service offering to clients and to bolster its position as a prominent advisory firm in Wales.
Following the acquisition, Clay Shaw Thomas will rebrand as Xeinadin, with the 17-strong team of qualified accountants continuing to be led by company directors Karen Best and Gwyn Williams.
Commenting on the deal, Xeinadin Chief Executive Derry Crowley said: "We are delighted to welcome Gwyn, Karen and the team at Clay Shaw Thomas to the Xeinadin family. The firm has a 70-year history of delivering outstanding work for local businesses in South Wales and beyond, so the merger was an easy choice and one that will bolster our presence in the region."
Clay Shaw Thomas Tax Director Karen Best added: "We are excited to be collaborating with a business whose culture and ethics are very much aligned to ours; the Xeinadin passion to deliver service excellence at a fair price to our clients whilst preserving the culture and personal service offering of a local trusted advisor was without doubt the appeal for us in this collaboration."
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