Azets, the UK top 10 accountancy group, has acquired Naylor Wintersgill, the £4m plus independent firm of chartered accountants, business and tax advisors, based in Yorkshire.
The acquisition is Azets’ 11th in 12 months, as the group continues to accelerate a multi-year M&A strategy to underpin its continued growth, targeting significant purchases aimed at consolidating its ambitions to become the advisor of choice for SMEs and owner-managed businesses across Europe.
Naylor Wintersgill, which will rebrand as Azets with immediate effect, delivers accounting, audit, corporate finance, tax, payroll, and HR advisory services to SMEs, private clients, and not-for-profit organisations across the Yorkshire region.
The acquisition adds 67 people into the Azets team, including eight Partners. Managing Director Victoria Wainwright, who started her accountancy career as Naylor Wintersgill’s first apprentice in 1991, will continue to lead the team as Office Managing Partner.
She said: “This is a brilliant opportunity to strengthen our services offering to SMEs and owner-managed businesses in Yorkshire. It is also an opportunity for our team to be part of a much larger ecosystem, creating even more value for our clients.
“It was clear from the start that Azets’ culture and values align closely with our own, and we are confident that that this acquisition is the perfect fit for our future growth.”
Russell Turner, Regional Managing Partner with Azets in Yorkshire, said: “This acquisition is a wonderful opportunity to expand Azets’ geographical presence in Bradford and enhance our specialist offering to SME clients right across the Yorkshire region. We are delighted to be working with Victoria and her team.”