Azets has announced its acquisition of Garbutt and Elliott, a specialist accountancy firm with offices in York and Leeds, and “one the largest” independent chartered accounting firms in Yorkshire.
The acquisition adds over 200 people from Garbutt and Elliott in business support and client-facing roles to the Azets team, including 15 partners.
With Garbutt and Elliot now trading as Azets, the firm is offering existing clients access to specialist advisors across the UK and internationally in restructuring and insolvency, forensics, data analytics and cybersecurity.
Additionally, its clients will also benefit from Azets’ investment in technology, with digital platforms such as CoZone, to help clients ensure compliance, grow their business, and provide tools and information to enable real-time business and commercial advice.
The acquisition sees Azets expand into Yorkshire for the first time, adding York and Leeds to its network of 80 UK offices.
Meanwhile, Azets said the acquisition will enhance its key service lines, including audit and accounts, payroll, corporate finance, tax, and private clients, and strengthen a sector specialism in the Food and Beverage industry.
Chris Horne, CEO of Azets, said: “I’d like to offer a warm welcome to Garbutt and Elliott as they join Azets at an exciting time in our growth. We’re delighted to create a presence in Yorkshire, adding to our office network in the North of England and across the UK.
“Acquiring Garbutt and Elliott is a significant milestone on our journey to increase revenue by 50% in the next five years. This acquisition demonstrates our commitment to building the Azets brand and footprint throughout the UK and Europe.”
Russell Turner, managing partner at Garbutt and Elliott, added: “We’re incredibly proud of our heritage and motivated to deliver success throughout the next chapter as part of the Azets family.
“Having first established 125 years ago, we retain our position as one of the largest chartered accountancy firms in Yorkshire, boosted by joining a UK Top 10 firm with shared values and beliefs in providing a personal approach to supporting the needs of local and regional businesses.”