Tenon buys two firms in £9m deal
Accountancy consolidator Tenon has bought two existing firms for around £9m, it has announced.
The firm is buying a Rochdale firm which already operates under the Tenon brand name through a franchise agreement, for an expected total of £4.4m.
Tenon will also buy a firm called Premier Strategies Ltd, which provides specialised tax planning for £4.5m.
Andy Raynor, chief executive of Tenon, commented: ‘We are delighted to have agreed terms to fully integrate these two businesses, which we know well, into the Tenon Group. This is an important step forwards in our growth plans.’