PracticeAccounting FirmsBegbies Traynor acquires rival

Begbies Traynor acquires rival

Insolvency specialist Begbies Traynor has acquired rivals A Segal and Co in its first acquisition since joining Aim.

Link: Begbies Traynor handle first LLP liquidation

The group will pay £450,000 up front and further annual payments of at least £50,000, depending on Segal hitting turnover goals, The Financial Times reports.

Begbies Traynor executive chairman Ric Traynor said Andrew Segal – the founder of the newly acquired business – had ‘built up a very profitable firm’ and had joined Begbies Traynor to do ‘bigger and better’ work.

Traynor said the integration would see cost savings, and expected the acquisition to be ‘earnings enhancing’.

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