Wealth management firm expands into North West with acquisition
Wealth management and professional services group Evelyn Partners, is to acquire the northern offices of Haines Watts in Manchester, Leeds, and Newcastle, for an undisclosed sum.
The teams in these locations provide a wide range of services and solutions to support entrepreneurial, owner-managed businesses, it said.
The acquisition will bring five partners, nine directors, and more than 150 staff from Haines Watts into Evelyn Partners’ fast growing Professional Services business, significantly strengthening its presence in the North of England.
The deal represents the sixth acquisition for Evelyn Partners’ Professional Services business since the start of 2023, as it seeks to augment its strong organic growth and broaden its geographic footprint by adding high quality firms with complementary expertise.
Andrew Wilkes, Chief Professional Services Director of Evelyn Partners, said: “The team, led by Donna Bulmer, are high quality professionals with a long standing track record of giving clients the best possible tax advice and accountancy solutions.
“Their approach of providing a fully supportive, personal service and building long standing relationships with clients is very much in line with our culture at Evelyn Partners.”
He added: “This acquisition continues our strategy of expanding the number of business and private clients we provide our professional services to in the North of England.”
Donna Bulmer, Managing Partner of Haines Watts, said: “This is an exciting time for our clients and our team as we join forces with our new colleagues at Evelyn Partners. We see a great cultural fit that will ensure we continue to deliver high service levels to our clients, whilst creating fantastic opportunities for our team.”
The deal is due to complete tomorrow, August 2.
In 2023 Evelyn Partners acquired Leathers (Newcastle and Harrogate), Ashcroft Partnership (Cambridge), Creaseys (Tunbridge Wells), Harwood Hutton (Beaconsfield) and a leading international disputes team for its Forensic Services practice.
Following the merger of Tilney and Smith & Williamson in 2020, Evelyn Partners has £61.8bn of assets under management, as at March 31, 2024, and is one the largest UK wealth managers and the seventh largest UK accountancy firm ranked by fee income.
It has a network of offices across 29 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands.
