Optionis swoops for accountants Michael Brookes
ACCOUNTANCY firm ClearSky, part of Optionis Group the Warrington service provider for SMEs and contractors, has acquired a North West practice, a deal which is set to be the first of several forays onto the M&A trail.
It has snapped up Middleton firm Michael Brookes & Co, as part of its continuing expansion plans.
Michael Brookes & Co accountants advises to small businesses and also has niche practices targeted at the licensed trade, taxi sector and entertainment industry, making it a good fit with with ClearSky. Financial terms were not disclosed.
Rob Crossland, chief executive of Optionis, said: “The acquisition of Michael Brookes & Co is a natural progression in our growth process. We are already one of the top 100 firms of accountants operating in the UK. This acquisition, which is the first of a number planned this year, allows us to strengthen this position.
“Michael Brookes & Co provides business services to SMEs, so fits in with the ClearSky part of our business portfolio. The expertise and skill set of the firm will add to the existing services we offer, bringing further benefits and advantages to our clients.”
Derek Kelly, managing director of Optionis, added: “We are looking to shake up the traditional accountancy market by providing expert-led advice, supported by cutting edge technology.
“We envisage that the changes we are going to make will reform the accountancy sector in the same way that internet banking has revolutionised the banking sector.”
Optionis has an annual turnover of more than of £350m. It comprises professional employment organisation Parasol, ClearSky Accounting and ClearSky HR.
