Deal helps ClearSky to target pub trade

SME support provider ClearSky Business says it is targeting further growth in the pub sector after acquiring the accountancy arm of Nottingham-based Bridgewood Financial Solutions.

The deal follows a two-year partnership between the firms, which has helped Warrington and Middleton-based ClearSky grow its portfolio of publican and pub company clients to more than 300.

Derek Kelly, managing director at ClearSky’s parent group Optionis, said: “This is a logical and exciting acquisition for us. The arrangement with Bridgewood has worked well since 2012, but we both decided that the best way to enhance our offering would be to operate through one entity.

“ClearSky is committed to the pub sector, and this deal will create opportunities for efficiencies and improvements. It will also make life simpler for our clients, who previously dealt with both Bridgewood and ClearSky staff. Bridgewood employees transferring to ClearSky will have access to additional training and support, as well as the development opportunities that come from being part of a larger company.”

The value of the deal was not disclosed. Due diligence was conducted internally.