Accountancy sector could see some consolidation of small and mid-sized firms with RSM Bentley Jennison likely to be a top buyer
The merger and acquisition market may have stalled amid the economic downturn, but the accountancy sector could experience some consolidation of small and mid-sized firms.
RSM Bentley Jennison, the acquisitive top 20 firm, will likely be among the buyers this year.
In 2004 the firm undertook a merger with Moore Stephens in Birmingham, and acquired BMF group in Milton Keynes, and WBS in Leeds and Harrogate in the same year. Last year it took on the remnants of collapsed firm Wenham Major.
Tony Stockdale, the firm’s national managing partner told Accountancy Age that the firm is currently involved in a number of deals, but he declined to give more details.
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