PracticeAccounting FirmsTenon buys two firms in £9m deal

Tenon buys two firms in £9m deal

Accountancy consolidator Tenon has bought two existing firms for around £9m, it has announced.

Link: Vantis shrugs off consolidator blues

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.’

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