Around 195 employees, serving 4,000 clients of Frank Hirth, will create part of the acquired business and join the EY Private Tax teams.
The acquisition represents EY’s goal of becoming a leading organisation in private tax services across both sides of the Atlantic.
Kate Barton, EY’s global vice chair of tax said: “This is a landmark acquisition. It further strengthens the EY presence in professional services around the world and Frank Hirth’s significant experience in personal tax services in the UK and the US will help provide valuable services to EY clients.
“The cross-border tax landscape is increasingly complex and extremely fast moving, and this acquisition will allow EY teams to bring even more insight and knowledge to help EY clients navigate the issues that they face in relation to UK and US tax.”
Jeff Soar, the accounting giant’s UK&I regional managing partner for tax and law, said: “Private businesses and their owners are the heartbeat of the UK economy and play an increasingly significant role in driving economic growth and prosperity.
“The acquisition of the business of Frank Hirth represents a significant investment and is a bold statement of intent, aiming to position EY as a leading organisation in providing private client tax services in the UK.”