The Corporate team at law firm Irwin Mitchell has advised WR Partners on its acquisition of Cheshire-based Howard Worth Chartered Accountants.
Accountancy firm WR Partners is headquartered in Shropshire and bought the business to increase its reach geographically and to provide an opportunity to offer its breadth of expertise to a wider client base.
Based across two offices in Northwich and Nantwich, Howard Worth has a strong client base, adding to the WR Partners’ portfolio of more than 6,000 clients across offices within the Midlands and Mid and North Wales.
Helen Spencer, Managing Partner at WR Partners, said: “We’re absolutely delighted to integrate Howard Worth into the WR Partners business. It extends our reach into areas where WR Partners is less well known, and comes at a truly exciting time for the business following our rebrand from Whittingham Riddell.
“Not only do both businesses share robust commitments to nurturing and maintaining the very best relationships, working in true partnership with their clients, we also bring in depth knowledge of the local areas served.
“By bringing the additional expertise of Howard Worth into our existing team we are enhancing our focus on supporting clients’ current and future growth aspirations.”
Corporate partner, Nick Dawson along with Solicitor Tom Wisniewski advised WR Partners on the deal. Clare Davitt from the law firm’s Real Estate team also advised on the property issues.
Expert Opinion“We have enjoyed a long relationship advising WR Partners and are delighted to see the business continue to grow with this strategic acquisition.
“There are a lot of professional services firms, including accountancy businesses, which are considering their strategic options at the moment and with further consolidation in the sector likely, I think we’ll see a growth in M&A activity in this area over the coming months.”
Nick Dawson - Partner
Commenting on the support received from Irwin Mitchell, Helen added: “Irwin Mitchell’s team were hugely important in helping us complete the transaction as they really understood the key practical and commercial issues around acquiring another professional services firm.”