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RMT Accountants and Business Advisors has completed its acquisition of KSA Group, a specialist restructuring practice, for an undisclosed amount.
Part of the Sumer Group, RMT is set to grow its presence in the business recovery and insolvency sector with this deal.
The 15-person team at KSA, which includes four directors and two licensed insolvency practitioners, will be staying in post. The combined restructuring team will be led by RMT director and head of recovery and restructuring, Chris Ferguson.
KSA has offices in Berwick-upon-Tweed, Gateshead, Edinburgh and London.
The deal marks RMT’s third acquisition since it became part of the Sumer Group, a network of mid-market accountancy practices for SMEs.
Chris Ferguson, director and head of business recovery and restructuring at RMT, said: “Much of the work done by insolvency professionals goes under the radar, with pre-emptive support and advice helping to save hundreds of companies and thousands of jobs across the UK every year without the need for a formal insolvency process.
“KSA has a particularly strong regional and national reputation in this respect. The team’s skills and experience complement RMT’s existing recovery and insolvency offering extremely well. The increased resources that the combined team provides will enable us to widen the reach of our business rescue and restructuring work.”
He added: “This is the latest example of how becoming part of a nationwide organisation like Sumer, with a clear strategy for growth, is providing us with opportunities to bring in additional expertise which enhances the services we offer to our clients.”
Keith Steven, founder and MD of KSA Group, said: “Our long-term success has been based on working directly with owners and directors to provide a holistic picture of the options available to their struggling businesses and then delivering the support and advice they’ve needed to find the best way to move forward.
“Becoming part of a larger group will provide continuity for our expert team and a range of new opportunities. We’re excited to be moving into this next stage of our business’s development.”
