Consultancy targets further acquisitions after latest takeover
Birmingham-based innovation advisor ABGI UK says it is seeking new acquisition opportunities after completing the integration of Hereford-based R&D tax relief specialist MSC Associates.
ABGI UK, part of the ABGI Group, one of the world’s leading tax incentive and innovation management advisors, advises clients across the UK through its network of regional offices, including its premises in Birmingham’s Cornwall Buildings on Newhall Street.
Earlier this year the company acquired MSC, a firm established in 2012 by Mick Merrick, Steve Crooks and Chris Pinches, exclusively focused on managing clients’ R&D tax relief claims.
With MSC’s operations now integrated into its new owner’s business, ABGI UK has announced it is looking at further acquisitions to fuel its growth plans.
Scott Henderson, chief executive of ABGI UK, said: “ABGI UK continues to go from strength to strength. Following our successful acquisition and integration of MSC, whose founding directors worked closely with us before exiting the business, we are seeking new opportunities for growth across the UK.
“In addition to drive further organic growth – we’ve generated a 100% increase in new business over the last year – we are also interested in businesses like MSC which share our solid infrastructure as well as high service standards and close client relationships. Where we find an ideal fit and close cultural alignment, we will be looking to make further acquisitions going forward.
“At a time of economic uncertainty, more and more UK businesses will need to focus on innovation and also ensure they secure the many support measures that are available to help them in that process. This funding for innovation is now critical to businesses emerging from the pandemic and facing a potential impact from Brexit at the end of this year.”