Our corporate team advised Accru Partners on its expansion into the UK through the acquisition of Wellers, one of the largest ACCA-authorised accountancy firms in the UK.
Accru is building a collaborative, future-focused professional services group by bringing together leading independent firms under a decentralised partnership model designed to preserve the entrepreneurial culture and local identity of its member firms. The acquisition of Wellers was one of Accru’s largest transactions to date and marks a significant milestone in its UK growth strategy.
The deal involved the incorporation of a general partnership into a limited company ahead of completion. Given the complexity of the transaction, we assembled a multidisciplinary team led by Josh Swerner, supported by Hamilton Forrest, Alan Wetterhahn, Jen Hawkes, Mary Liu, Isabelle McGregor, Kate Goldie, Alex Hayes, Katy Vella, Rashael Kelly-Jarvis, Helena McElroy and Amit Patel.
This transaction reflects the continued momentum in the professional services sector, where private equity-backed consolidation and platform-led growth remain key themes.
Lead Partner Josh Swerner added:
“We’re delighted to have advised Accru Partners on this complex transaction. This represents Accru’s first acquisition of an ACCA-authorised audit firm, which also required the incorporation of a general partnership into a limited company – involving our corporate, commercial and property teams in particular. In addition, it demonstrates Fladgate’s capability in a red-hot sector – private equity and sponsor-led buyouts of professional services firms.”
