FRP Advisory Group PLC announced on Wednesday that it has acquired Williams Ali CF Ltd, a Newcastle, England-based corporate finance service provider.
FRP Advisory is a London-based business advisory firm. This acquisition is in line with FRP’s aim to generate sustainable profitable growth, and enables the company to increase market share, broaden its service offering to clients and expand its geographical footprint.
The acquisition is FRP Advisory’s eleventh since its initial public offering in March 2020.
WilliamsAli’s two directors and founders, Abu Ali and Phil Williams, will join FRP Advisory as partners.
FRP Advisory Chief Executive Officer Geoff Rowley said: ‘This acquisition complements FRP’s existing strong presence in the North East in a target region for the expansion of our corporate finance offering. We are pleased to welcome Abu, Phil and the team, which will now go to market locally at FRP Corporate Finance, to the business.’
Shares in FRP Advisory Group were marginally higher at 150.05 pence each in London on Wednesday afternoon.
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