Devizes-headquartered Charlton Baker has bought Bristol accountancy firms Elliott Bunker and Tyler Redmore.
ThinCats, the alternative finance provider to mid-sized SMEs, provided a funding facility.
The acquisitions follow the recent purchases of A&N accountancy services, Innervision Accountancy Solutions and Bew & Co, which were also funded by ThinCats as part of the group’s ongoing buy and build strategy.
Charlton Baker celebrate its 40th birthday this year. Founded in 1984, the firm services a diverse customer base across the South West.
Elliott Bunker and Tyler Redmore are well-established Bristol-based accountancy firms, offering comprehensive financial services tailored to small and mid-sized businesses across various sectors.
The acquisitions will bolster revenues for the group and add talent and additional services to support a combined client base, whilst allowing Charlton Baker to increase its presence in the city and ultimately achieve growth via scale.
Charlton Baker was advised by Josh Jolowicz and James Cotton at CTCF. Financial due diligence for Thincats was conducted by Translink Corporate Finance and legal support provided by Paddy Sturman at Irwin Mitchell. Client legal work was done by Ben Slack at Clarion.
Paul Cridland, Director, Elliott Bunker said: “After 18 years successfully building and running Elliott Bunker Ltd we decided now is the time to plan for our succession. Charlton Baker was a firm we carefully selected to take on the important task of continuing our ethos of providing the best for our clients.”
Philip Tyler, Director, Tyler Redmore, said: “We are very pleased to have merged with Chalton Baker. Key to joining them was not only the range of services they offer but also their shared ethos of providing quality service to clients.”
Scott Sartin, MD, Charlton Baker, added: “We’re very excited that Paul, Nick and their amazing team at Elliott Bunker, and the very talented and experienced Philip and Deborah of Tyler Redmore, have decided to join forces with us. Bristol is a great city with an amazing array of brilliant businesses, and we feel very proud to now be a part of that. To take such massive steps forward in our 40th birthday year is the icing on the cake!”
Ben Kimball, Director Business Development, ThinCats, said: “Elliott Bunker and Tyler Redmore are fantastic acquisitions for Scott and his team. We are delighted to see the business continue to go from strength to strength, extending their proposition to more and more clients across the South West.”