Two South East accountancy firms agree to merge
Thu, 02 May 2024 | MERGER
Two accountancy firms based in the South East have announced plans to merge. Oxford-based Shaw Gibbs has agreed to merge with Winchester-headquartered Martin and Company Accountants Limited, in a deal the company said underscored their commitment to growth and innovation in the business advisory market.
Martin and Company, which has offices in Thame and Liss in addition to its Winchester HQ, offers tax advice and accountancy services. The firm specialises in farming, agriculture, landed estates and private clients and Shaw Gibbs has said it hopes the merger will enable it to benefit from expertise in farming and agriculture as it seeks to build a significant offering in the industry.
Shaw Gibbs secured a £10 million investment from Apiary Capital in 2023 and the merger represents its sixth M&A deal since last year. This activity has enabled it to build a 400-strong practice with ten offices around the UK, located in: Oxford, Winchester, Basingstoke, Farnham, London, Liss, Northampton, Sutton, Thame and Teddington.
Following the merger, Shaw Gibbs Chief Executive Peter O’Connell said: "Martin and Company's reputation for excellence and commitment to client success perfectly complements our values and mission.”
"Together, we will continue to deliver the high-quality services and innovative solutions our clients expect, while expanding our reach to better serve businesses, estates and individuals throughout the region."
Seamus McLaughlin, partner at Martin and Company, added: "Joining forces with Shaw Gibbs allows us to leverage their extensive resources and expertise while retaining the personalised approach and deep client relationships that have been the hallmark of Martin and Company for over 50 years."
M&A activity is growing across the UK's professional services industries
Find out more about the trends driving dealmaking in the UK accountancy sector
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