Fortus offloads six offices to focus on ‘exponential growth’ in the North
Fortus has sold off its Midlands and East regions to TC Group to enable the business advisory and accountancy firm to “focus on exponential growth” in the North and Scotland.
It has also “refreshed” its executive board, with existing executive director Craig Herbert take over as chief executive, with Andy Northern and Richard Burnett joining as executive director and chief marketing officer respectively.
Herbert said: “This is a strategic move for all parties involved and I would like to thank the team in the Midlands and East for their positive contribution to Fortus’s success since our launch.”
Fortus has grown organically and through acquisition over the last three years which has seen it grow from a team of 20 people in 2020, to a team which is expected to be over 100-strong by the end of 2023.
Fortus recently launched a Wealth Management division and opened an office in Manchester for its restructuring and recovery division, FTS Recovery.
Herbert added: “Our northern operation continues to experience rapid growth as ambitious business owners look for expertise and services as they seize opportunities and navigate current challenges.
“We remain excited about the growth potential for Fortus and further expanding our geographical footprint across the North of England and Scotland through further strategic acquisitions – and by continuing to recruit the best talent in the industry.”
Fortus Midlands and Fortus East will now trade as TC Group and will add six offices to the group in Milton Keynes, Northampton, Peterborough, Leicester, Southampton, and Hertford.
“TC Group is delighted to have joined forces with Fortus Midlands and Fortus East,” said TC Group’s chief operating officer Grant Bartholomew.
“Fortus clients can expect a smooth transition and the continuance of the high-quality services they have come to expect as our two firms merge and move forward as one.”
